Which of the Following Is the Set of Strategies and Practices

question 93

Multiple Choice

Which of the following is the set of strategies and practices to eliminate waste?

• A) lean production
• B) lean investment
• C) lean manufacturing
• D) lean management

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Definitions:

Retained Earnings

The portion of a company's profit that is kept or retained rather than distributed to shareholders or reinvested in the company.

Historical Rate

The exchange rate between two currencies at a past date, often used for comparative financial analysis or reporting purposes.

Temporal Method

An accounting method used to convert the financial statements of a foreign subsidiary to the parent company's currency, using exchange rates that change over time.