Which of the Following Is True with Regard to Lean

question 28

Multiple Choice

Which of the following is true with regard to Lean and Six Sigma?

• A)Lean approaches focus on reducing cost through optimization of the manufacturing process.
• B)Six Sigma focuses on the production of those products and services considered to be truly essential to human existence.
• C)Lean is relevant to manufacturing,while Six Sigma is relevant to the service industry.
• D)Six Sigma refers to the number of deviant personnel involved in the production process.

---

Definitions:

Output

The total amount of goods and services produced by an economic system or by a firm.

Marginal Benefit

The boost in satisfaction or utility received from consuming one more unit of a good or service.

Efficiency Loss

The reduction in economic efficiency due to factors like market distortions, resulting in resources not being allocated optimally.

Deadweight Loss

refers to the loss of economic efficiency that can occur when the equilibrium for a good or service is not achieved, leading to a reduction in total societal welfare.