What Does TPS Stand For

question 30

Multiple Choice

What does TPS stand for?

• A) Total Production Streamlining
• B) Toyota Production System
• C) Taguchi's Production S's
• D) Total Process Simplification
• E) None of the above

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Definitions:

Minimum TIE

The lowest acceptable Times Interest Earned ratio, a financial metric used to determine how well a company can meet its interest payments on debt.

Restrictive Covenant

A clause in a contract that limits certain actions of the parties involved, often used in employment and real estate agreements.

Amortized Debt

A loan in which the principal and interest are paid off in equal installments over a predetermined period.

Coupon

The periodic interest payment made to the bondholders during the life of the bond.