Lean Manufacturing Is a Business Philosophy That Focuses on Reducing

question 105

Multiple Choice

Lean manufacturing is a business philosophy that focuses on reducing time and cost and eliminating poor quality. This is accomplished in manufacturing and nonmanufacturing processes by

• A) moving a product from process to process as each function is completed
• B) combining processing functions into work centers and cross-training workers to perform more than one function
• C) having production supervisors attempt to enter enough materials into manufacturing to keep all manufacturing departments operating
• D) having workers typically perform one function on a continuous basis

Recognize the principles of Terror Management Theory and its implications on human beliefs and behaviors.

Explain the ongoing debate on the influence of genetics versus culture on gender differences.

Analyze the impact of birth order and family size on intelligence and personality development.

Identify the characteristics of authoritative parenting and its effects on child development.

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Definitions:

High Risk

Situations or ventures involving a significant possibility of loss, failure, or negative outcomes, often accompanied by the potential for high rewards.

Value Engineering

A systematic method to improve the "value" of goods or products and services by using an examination of function.

Value Analysis

A systematic assessment to reduce costs while maintaining or improving performance and quality in products or processes.

Reasonable Profit

A profit margin that is considered fair and acceptable, taking into account the costs of goods sold, operating expenses, and market standards.