Which of the Following Are Features of the Lean Manufacturing

question 104

Multiple Choice

Which of the following are features of the lean manufacturing system?

• A) maintaining excess inventory to ensure that products will always be available
• B) cross training of employees
• C) giving employees additional authority and responsibility
• D) product-oriented layout
• E) increased set-up time

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Definitions:

Poison Pill

A defensive strategy used by companies to prevent or discourage hostile takeovers by making the company less attractive to the acquirer.

Golden Parachute

Substantial benefits given to top executives if the company is taken over by another firm, serving as a deterrent for unwanted takeovers.

Unfriendly Takeover

An attempt by one company to acquire control of another company without the consent or cooperation of its management or board of directors.

Going-private Transaction

A process by which a publicly traded company is transformed into a privately-held entity, usually through a buyout or acquisition.