Which of Following Is True About Lean Thinking

question 26

Multiple Choice

Which of following is true about lean thinking?

• A)It is a way to do more with less effort, time, equipment, and space.
• B)It is a way to compete for quality awards and certification.
• C)It includes offering no-frills goods and services to customers.
• D)It is working for zero inventories.
• E)It results in moving employees to avoid production wastage.

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Definitions:

Equilibrium Price

The price at which the quantity of a good or service supplied equals the quantity demanded in a market.

Chocolate-Covered Peanuts

A snack or confectionery consisting of peanuts that are coated in a layer of chocolate.

Surplus

A scenario where the supply of goods surpasses what is being demanded at the present price level.

Chocolate-Covered Peanuts

Chocolate-covered peanuts are a confectionery or snack consisting of peanuts coated in a layer of chocolate, combining sweet and salty flavors.