Managers Considering an Operations Strategy Reflecting the Lean Philosophy of Operations

question 2

Multiple Choice

Managers considering an operations strategy reflecting the lean philosophy of operations should recognize that lean:

• A) is most suited for nonrepetitive manufacturing.
• B) cannot be implemented sequentially.
• C) requires a wholesale commitment from the outset.
• D) may leave their company vulnerable to supply chain disruptions.
• E) all of the choices.

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Definitions:

Interest

The cost of borrowing money or the payment received for lending money, often expressed as a percentage of the principal.

Savings

Money that is set aside for future use rather than being spent immediately, often with the aim of achieving longer-term financial goals.

Retire

In finance, it often refers to the paying off or buying back of debt or securities, implying the removal of these items from the financial markets.

Invested

Capital that has been put into a project, company, or various assets to earn profits or achieve other financial goals.