Which of the Following Is a Lean Production Technique That

question 31

Multiple Choice

Which of the following is a lean production technique that is not reported in the textbook to have been successfully applied in service firms?

• A)Organize problem-solving groups
• B)Upgrade housekeeping
• C)Upgrade quality
• D)Freeze windows
• E)Eliminate unnecessary activities

Determine the impact of changes in inventory, receivables, and payables periods on the operating and cash cycles.

Compute the accounts payable period and its significance in liquidity management.

Analyze the effect of operational changes on a firm’s financial cycle.

Understand the relationship between sales, cost of goods sold (COGS), and inventory turnover.

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Definitions:

Child-rearing Practices

The methods or techniques used by parents or caregivers to raise and educate children.

Personality

The combination of characteristics or qualities that form an individual's distinctive character, influencing their behaviors, thoughts, and feelings.

Freudian Psychologists

Psychologists who follow the theories of Sigmund Freud, focusing on how unconscious drives and conflicts shape behavior and personality.

Cortex

The outermost layer of the brain, involved in many complex brain functions, including memory, attention, perceptual awareness, thought, language, and consciousness.