Which of the Following Is Characteristic of the Lean Philosophy

question 53

Multiple Choice

Which of the following is characteristic of the lean philosophy?

• A)Inventories are an asset.
• B)Lot sizes are optimized by formula.
• C)Vendors are co-workers, essentially other departments of our organization.
• D)Queues are a necessary investment.
• E)all of the above

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Definitions:

Napalm

A highly flammable sticky jelly used in incendiary bombs and flamethrowers, notorious for its use in military conflicts to cause severe burns.

Strategic Hamlets

A program implemented during the Vietnam War, aiming to combat communist insurgency by relocating rural populations to fortified villages.

Shuttle Diplomacy

A negotiation method where an intermediary travels between two or more parties located in different places to prevent direct conflict and encourage dialogue.

Stagflation

An economic condition characterized by slow growth, high unemployment, and rising inflation, often occurring simultaneously.