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:

Lorenz Curves

A graphical representation used in economics to show the distribution of income or wealth within a population, indicating inequality.

Relative Distribution

A measure of how income or wealth is shared among individuals or groups within a society.

Income

A flow of money to households.

Poverty Rate

The percentage of the population that lives below the national poverty line, indicating the proportion of the population living in poverty.