A Company Has Successfully Implemented Lean Practices in Their Three

question 30

Multiple Choice

A company has successfully implemented lean practices in their three station process.The stations are,in order,Station A,Station B,and Station C and product moves from A to B to C smoothly.One day,the equipment at Station B experiences catastrophic failure.What happens and what is the appropriate response for a lean-thinking company?

• A) Continue producing at Station C and restore capacity at Station B.
• B) Continue producing at Station A and restore capacity at Station B.
• C) Continue producing at Station A and C and restore capacity at Station B.
• D) Everything stops and attention is focused on restoring capacity at Station B.

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Definitions:

Budget Procedures

Budget Procedures are systematic processes used by organizations to create a budget, involving estimating revenues, expenses, and allocating resources for various functions.

Financial Budget

A plan for an organization's financial resources, detailing income and expenditures over a certain period.

Budget Process

The procedure for creating a budget, including planning, review, approval, implementation, and evaluation of financial plans.

Tandem Bicycles

Bicycles designed for use by two riders positioned one behind the other, requiring coordination for effective operation.