One of the Main Objectives of a Lean System Is

question 10

Multiple Choice

One of the main objectives of a lean system is

• A) striving for "good enough."
• B) reduction of takt time.
• C) reduction of waste.
• D) define value from the manufacturer's perspective.

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Definitions:

Acid-Test Ratio

A financial measurement that evaluates a company's ability to pay off its current liabilities with its most liquid assets.

Accounts Receivable Turnover

A financial ratio indicating how many times a company's accounts receivable are collected during a specific period, typically a year.

Current Assets

Assets that are expected to be converted into cash, sold, or consumed within one year or within the normal operating cycle of the business, whichever is longer.

Short-Term Debt-Paying

Refers to a company's ability to meet its short-term financial liabilities and obligations.