The Visual Workplace

question 160

Multiple Choice

The visual workplace

• A) uses low-cost visual devices to share information
• B) is an effective means of rapid communication in a dynamic workplace
• C) replaces difficult-to-understand paperwork
• D) eliminates non-value added activities by making problems and standards visual
• E) all of the above

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Definitions:

Rate Of Return

The gain or loss on an investment over a specified period, expressed as a percentage of the investment's cost.

Investment

The allocation of resources, such as capital or time, in the expectation of generating an income or profit.

Acid Test Ratio

A liquidity metric that measures a company's capability to cover short-term liabilities with assets easily convertible to cash.

Accounts Receivable

The money owed to a company by its customers for goods or services that have been delivered but not yet paid for.