Which of the Following Is Not a Point of Difference

question 5

Multiple Choice

Which of the following is not a point of difference between lean manufacturing and traditional manufacturing processes?

• A) Traditional systems focus on cost reduction, while lean emphasizes meeting customer demand with short lead times.
• B) Traditional systems tend to motivate reductions in inventory holdings, while lean focuses on reducing idle time.
• C) Lean production systems are characterized by demand-pull, while traditional systems "push" production to meet forecasted demand.
• D) Lean systems focus on reducing setup times (to maximize manufacturing flexibility), while traditional manufacturing focuses on a reduction in the number of setups (to reduce setup costs).

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Definitions:

Historical Record

Documentation or archives of past events, transactions, or values, often used for reference.

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Shares of companies with relatively small market capitalization.

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Short-term government securities issued by the Canadian government, featuring a maturity of less than one year and sold at a discount.

Volatility

A statistical measure of the dispersion of returns for a given security or market index, often associated with the level of risk involved.