In Response to the Problems with Mass Production,Toyota's Engineer Ohno

question 140

Multiple Choice

In response to the problems with mass production,Toyota's engineer Ohno Taiichi looked for ways to make shorter production runs economical.Which of the following is a result of the techniques he used?

• A)Improved labor relations.
• B)Larger inventories.
• C)A 100 percent error-free production process.
• D)Reduced waste.

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Definitions:

Return on Investment

A measure of the profitability of an investment, calculated as the ratio of net profit to initial cost.

Investment Turnover

A ratio that measures how effectively a company uses its invested capital to generate sales revenue.

Return on Investment

A measure used to evaluate the efficiency or profitability of an investment, calculated as a percentage of the investment's profit to its cost.

Support Department Cost

Support department cost refers to the expenses associated with departments that provide essential services or support to production departments but do not directly engage in the production process.