Which of the Following Is Not a Principle Regarding the Way

question 28

Multiple Choice

Which of the following is not a principle regarding the way lean systems function?
(I) Identifying customer values
(II) Focusing on processes that create value
(III) Elimination of waste to create flow
(IV) Increasing forecast accuracy
(V) Producing only according to customer demand
(VI) Optimizing on setup costs with long production runs
(VII) Striving for perfection

• A) IV
• B) both II and IV
• C) both IV and VI
• D) both IV and V
• E) VI

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Definitions:

Capital Fund

A financial resource that is used for the purchase of fixed assets or for significant investment in a business, not consumed in normal operations.

Restricted Contribution

A donation given to an organization with explicit limitations on its use by the donor.

Fixed Assets

Fixed assets, also known as non-current assets, are long-term tangible assets that are used in the operations of a business and are not expected to be consumed or converted into cash within a year.

Restricted Fund Method

An accounting method used by not-for-profit organizations where donations are classified based on donor-imposed restrictions on their use.