Which of the Following Contributes to the Competitive Advantage Enjoyed

question 26

Multiple Choice

Which of the following contributes to the competitive advantage enjoyed by firms using lean production?

• A) backup employees to cover for absenteeism
• B) one hundred percent inspection to remove defects
• C) dedicated equipment to reduce unit costs
• D) safety stocks to prevent stockouts
• E) greater flexibility to cope with change

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Definitions:

Useful Life

The estimated duration of time a fixed asset is expected to be productive for its intended use, influencing depreciation calculations and asset management.

Office Improvements

Enhancements or modifications made to office spaces, which may include renovations, decorations, or installation of new equipment to improve functionality or aesthetics.

Amortize

The process of gradually writing off the initial cost of an asset over a period.

Useful Life

The estimated duration a fixed asset is expected to be usable for its intended purpose, impacting depreciation calculations.