Which of the Following Is Not One of the Seven

question 30

Multiple Choice

Which of the following is not one of the seven categories of waste or muda?

• A)Waiting
• B)Inventory
• C)Underproduction
• D)Defects

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Definitions:

Tenants in Common

A form of co-ownership where each party owns a separate and undivided interest in the property, and upon death, their share passes to their heirs or estate, not the other co-owners.

Equal Shares

The division of assets, resources, or obligations equally among all involved parties.

Ownership

The legal right or title to an asset or property, giving the owner control over its use, disposition, and the benefits that come from it.

Will

A legal document expressing an individual's wishes regarding the distribution of their assets after death.