Match Each Lean Principle with Its Description

question 9

Multiple Choice

Match each Lean principle with its description.
-Challenging the wasted steps and eliminating all of the waste

• A)Value
• B)Value stream
• C)Flow
• D)Pull
• E)Continuous improvement

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Definitions:

Security Interest

A legal claim or lien on collateral that has been pledged, usually to secure a debt or loan, affording the lender a right to repossession if the debtor defaults.

Debtor's Property

Assets owned by an individual or entity (debtor) that owe money to creditors, which may be subject to claims or liens.

Debtor Defaults

Occurs when a debtor fails to meet the legal obligation of debt repayment, potentially leading to legal action or loss of collateral.

Repossesses Collateral

The act of taking back possession of property used as collateral in a loan agreement, typically after a default by the borrower.