A Fundamental Tenet of the JIT Philosophy Is That Workers

question 58

True/False

A fundamental tenet of the JIT philosophy is that workers are assets,not a cost element.

---

Definitions:

Central Limit Theorem

A statistical theory that states that given a sufficiently large sample size from a population with a finite level of variance, the mean of all samples from the same population will be approximately equal to the mean of the population.

Sample Mean

The average value of a sample subset of a larger population, used as an estimate of the population mean.

Point Estimate

A single value estimate for a population parameter derived from a sample.

Population Mean

The average value of a population's characteristics.