The 5S Term __________ Includes Analysis to Improve Workflow and Reduce

question 108

Short Answer

The 5S term __________ includes analysis to improve workflow and reduce wasted motion.

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Definitions:

Marginal Cost

The expense incurred by the production of one extra unit of a product or service.

Total Cost

The entirety of expenses incurred during the production process of goods or services, which includes both fixed and variable costs.

Total Variable Cost

The sum of all variable costs (costs that change with the level of output) involved in producing a particular quantity of output.

Average Variable Costs

The total variable costs (costs that change with the level of output) of production divided by the quantity of output produced.