Which of the Following Is a Lean Production Technique That

question 31

Multiple Choice

Which of the following is a lean production technique that is not reported in the textbook to have been successfully applied in service firms?

• A)Organize problem-solving groups
• B)Upgrade housekeeping
• C)Upgrade quality
• D)Freeze windows
• E)Eliminate unnecessary activities

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Definitions:

Probability Distribution

A listing, chart, or graph of all possible outcomes, such as expected rates of return, with a probability assigned to each outcome.

Security Market Line

A graphical representation that shows the expected rate of return of an asset as a function of its systematic risk.

Inherent Risk

The possibility of inaccurate financial statements due to factors other than failure of control, covering areas such as industry characteristics and overall economic environment.

SML

The Security Market Line, a graphical representation of the Capital Asset Pricing Model showing the relationship between the expected return of a security and its beta (systematic risk).