The Following Is a Term That Refers to Error- or Mistake

question 28

Multiple Choice

The following is a term that refers to error- or mistake proofing:

• A)Kaizen
• B)Muda
• C)Lean layouts
• D)Poka-yoke

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Definitions:

Free-rider Problem

A situation in which individuals or entities benefit from resources, goods, or services without paying for them, leading to underprovision of those goods.

Public Good

A product or service that is available for all to consume, regardless of who pays for it, characterized by non-excludability and non-rivalry.

Public Good

Goods or services made available to all individuals within a society free of charge, supplied by the government or by private non-profit entities.

Private Good

A good or service that is individually consumed and that can be profitably provided by privately owned firms because they can exclude nonpayers from receiving the benefits.