Which of the Following Are Common Elements in Both Lean

question 12

Multiple Choice

Which of the following are common elements in both Lean and Kaizen?

• A) Increase variation to capture best resource mix in a process
• B) Make greater use of human skills by forging more human thought and intervention
• C) Reduce variation
• D) Statistically analyze the error rate in a process

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Definitions:

Beta

A measure of the volatility, or systematic risk, of a security or a portfolio compared to the market as a whole.

Regression Line

A line of best fit through a dataset in statistical analysis, showing the relationship between the independent variable and the dependent variable.

CAPM (Capital Asset Pricing Model)

A model that describes the relationship between systematic risk and expected return for assets, particularly stocks.

Risk-Free Rate

The theoretical return on an investment with no risk of financial loss, typically represented by the yield on government securities.