Which of the Following Is Not a Principle Regarding the Way

question 50

Multiple Choice

Which of the following is not a principle regarding the way lean systems function?
(I) Identifying customer values
(II) Focusing on processes that create value
(III) Elimination of waste to create flow
(IV) Increasing forecast accuracy
(V) Producing only according to customer demand
(VI) Optimizing on setup costs with long production runs
(VII) Striving for perfection

• A) IV
• B) II and IV
• C) both IV and VI
• D) IV and V
• E) VI

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Definitions:

Generations

Groups of individuals born and living around the same time, often sharing similar societal influences and life experiences.

Transnational Organizations

Businesses that operate across national borders, dealing in goods or services in more than one country.

Global Viewpoint

An outlook that considers the broad, interconnected implications of events, policies, and decisions on the international stage.

Guanxi

A Chinese term representing the intricate network of relationships that individuals cultivate for mutual benefit, especially in business contexts.