_____ Refers to the Production of a Variety of End

question 147

Multiple Choice

_____ refers to the production of a variety of end products at a unit cost that could once be achieved only through bulk production of a standardized output.

• A) Lean production
• B) Just-in-time
• C) Mass customization
• D) Specialized asset
• E) Dynamic capability

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Definitions:

Right of Redemption

A legal right that allows a debtor to reclaim their property or mortgaged estate after paying off their debts, even after foreclosure.

Deficiency Judgment

A judgment against a debtor for the amount of a debt remaining unpaid after collateral has been repossessed and sold.

Floating Lien

A type of security interest or lien that attaches to assets that are subject to change in quantity and value.

Security Interest

A legal claim or right granted to a creditor or lender over the borrower's assets as a form of security for the repayment of a loan.