Which of the Following Uses Techniques from Toyota Production System

question 3

Multiple Choice

Which of the following uses techniques from Toyota Production System and JIT to eliminate waste and non-value-added activities?

• A)Enterprise and material requirements planning
• B)Lean Management
• C)Quality Control
• D)Capacity Management

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Definitions:

Compounded Semi-annually

The process where interest is added to the principal of an investment or loan twice a year, resulting in interest earning interest.

RRSP

Registered Retirement Savings Plan, a Canadian investment account for holding savings and investment assets, aimed at retirement planning.

Month-end Contributions

Payments or deposits made into a particular account or for a specific purpose at the end of a month.

Future Value

The amount of money an investment is expected to be worth in the future, taking into account interest or gains.