A Successful Conversion to a Lean System Requires That the Conversion

question 62

Multiple Choice

A successful conversion to a lean system requires that the conversion:

• A)be done as quickly as possible
• B)begin at the start of the process and work forward
• C)convert vendors to lean as one of the last steps
• D)reduce setup times as one of the last steps
• E)all of the above

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Definitions:

Priority

The established right or order of precedence, often in the context of legal claims, debts, or interests over assets.

Personal Property Legislation

Laws and regulations governing the rights, ownership, and disputes of personal property, which is any movable property that is not fixed immovably to land.

Chattel Mortgage

A loan that is secured by movable personal property, such as a vehicle or mobile home, which the borrower can use while paying off the loan.

Debenture

A debt security issued by a corporation that may or may not have specific assets of the corporation pledged as security for payment.