Achieving the Goal of Producing at the Output Rate Which

question 10

Multiple Choice

Achieving the goal of producing at the output rate which matches the rate of customer demand is the goal of:

• A)Jidoka.
• B)Poka-yoke.
• C)Total productive maintenance.
• D)TAKT time flow balancing.

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Definitions:

Bubbles

Economic phenomena characterized by rapid increases in asset prices to levels significantly above their fundamental values, followed by abrupt crashes.

Demand

The desire combined with the ability to purchase a specific quantity of a good or service at a particular price and time.

Supply

The total amount of a product or service available for purchase at any given price point in a market.

Purchasing Power Parity

A theory in economics that suggests that in the absence of transaction costs and other barriers, identical goods should have the same price in different countries when prices are expressed in a common currency.