Which of the Following Types of Waste Is Correctly Matched

question 71

Multiple Choice

Which of the following types of waste is correctly matched with its description?

• A)muri-waste and decreased productivity resulting from poor system design
• B)mura-tendency to increase the carbon footprint by using resources that are not lean
• C)muda-an activity that adds high degree of value
• D)poke yoke-product or service design that reduces production costs

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Definitions:

Fixed Resource

An asset or input whose quantity cannot be altered in the short run for the production of goods and services.

Explicit Costs

Direct, out-of-pocket payments for inputs or resources used by a business, easily identifiable and recorded.

Entrepreneurial Talent

The unique set of skills, insight, and intuition possessed by individuals that enables them to identify and exploit new business opportunities.

Forgone Interest

The potential interest income lost when capital is invested in one project instead of being deposited in a savings account or invested in an alternative project.