Siemens Manufacturing Wanted to Increase the Efficiency of Their Turbine

question 96

Multiple Choice

Siemens manufacturing wanted to increase the efficiency of their turbine manufacturing process by implementing a lean-based methodology.In order to understand how best to do this,Siemens entered a 'learning partnership' with Toyota,where managers from Siemens would act as 'managers-for-a-week' at Toyota to learn about their lean manufacturing processes.This is an example of:

• A)spying.
• B)racing.
• C)benchmarking.
• D)resourcing.

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Definitions:

Net Income

The profit remaining after all expenses, taxes, and costs have been subtracted from total revenue.

Ratio

A quantitative relationship between two numbers, often used in financial analysis to assess the performance, liquidity, or solvency of a business.

Capital Account

In macroeconomics and international finance, a component of the balance of payments that records all transactions involving the purchase or sale of assets.

Ownership Interest

A stake or share in a company or asset, representing the rights and financial involvement of the owner.