Lean Thinking Is Both a Philosophy and a Business Strategy

question 152

True/False

Lean thinking is both a philosophy and a business strategy of manufacturing without waste.

---

Definitions:

Statistical Chart

A visual representation of data designed to help interpret large amounts of information through diagrams such as bar graphs, pie charts, or histograms.

World Hunger

The chronic condition of being undernourished and unable to consume enough food for a healthy life, affecting millions worldwide.

Availability Heuristic

A cognitive shortcut where individuals estimate the likelihood of an event based on how easily examples come to mind, which can lead to biases.

9/11 Terrorist Tragedy

A series of coordinated terrorist attacks by the Islamic terrorist group al-Qaeda against the United States on the morning of September 11, 2001.