According to Lean Philosophy,we Should Eliminate Any Activity or Process

question 20

Multiple Choice

According to lean philosophy,we should eliminate any activity or process ______.

• A)that does not add value to the product or service
• B)that has a high carbon footprint
• C)that is likely to be regulated by the government
• D)that does not conform to ISO standards

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Definitions:

Interest Rates

The percentage at which interest is paid by borrowers for the use of money they borrow from a lender.

Credit Card Debt

Money owed due to spending through credit cards, characterized by high interest rates if not paid off promptly.

Loanable Funds

The resources available for borrowing, which consist of household savings and income that banks and other financial institutions can lend to borrowers.

Retirement Savings

Funds set aside during an individual's working years, intended to support them financially during retirement.