Which of the Following Is Characteristic of the Lean Philosophy

question 32

Multiple Choice

Which of the following is characteristic of the lean philosophy?

• A) Inventories are an asset.
• B) Lot sizes are optimized by formula.
• C) Vendors are coworkers, essentially other departments of our organization.
• D) Queues are a necessary investment.
• E) All of the choices.

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Definitions:

Total Return

The overall financial gain or loss on an investment, considering both capital gains and income such as interest or dividends.

Dividend

A portion of a company's earnings that is paid to shareholders, usually on a regular basis.

Nominal Rate

The officially declared or promoted rate of interest for a loan or investment, excluding the effects of compounding or any associated fees.

Loan

A borrowed sum of money that is expected to be paid back with interest.