Although Transitioning to a Lean System Can Be a Powerful

question 124

Multiple Choice

Although transitioning to a lean system can be a powerful means of improving performance, some believe that using __________ along with lean can lead to even better results.

• A)kaizen
• B)EOQ
• C)Six Sigma
• D)JIT
• E)Jidoka

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Definitions:

Currency Appreciation

The increase in the value of one currency relative to another in the foreign exchange market, often impacting international trade and economic balance.

Exchange Rates

The value of one currency for the purpose of conversion to another, influencing international trade and economics.

Capital Flight

Refers to the rapid movement of large sums of money or capital out of a country, typically to safer or more profitable markets.

Domestic Inflation

The rate at which the general level of prices for goods and services is rising, and subsequently, purchasing power is falling within a country.