Explain the Difference in Ascribed and Achieved Roles and Give

question 84

Essay

Explain the difference in ascribed and achieved roles and give an example of each.

Grasp the significance of lead times in lean manufacturing and the strategies to reduce them.

Appreciate the value of employee involvement in lean manufacturing.

Understand the implications of lean manufacturing on production setups and batch sizes.

Recognize the impact of lean manufacturing on accounting systems.

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Definitions:

Circumstances

The conditions or facts affecting a particular event or situation, often influencing the outcome or actions of individuals.

Opportunity Cost

The cost of forgoing the next best alternative when making a decision, representing the benefits an individual, investor, or business misses out on.

Scarce Goods

Products or resources that are limited in availability and cannot meet all the demands of consumers.

Comparative Advantage

The ability of a country or firm to produce a specific good or service at a lower opportunity cost than its competitors.