Which of the Following Is Not One of the Key

question 54

Multiple Choice

Which of the following is not one of the key principles of the lean concept?

• A) Maximize the use of people.
• B) Simplify first, and only then apply new technology.
• C) Focus on gradual, but continuous, improvement.
• D) Minimize waste (including poor quality).
• E) All of these choices.

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Definitions:

Expected Marginal Benefit

The additional benefit perceived by a consumer or producer from consuming or producing one more unit of a good or service.

Expected Marginal Cost

Refers to the anticipated increase in cost for producing one additional unit of a good or service.

Macroeconomics

The study of the economic behavior of entire economies, as measured, for example, by total production and employment.

Chinese Economy

The economy of China, characterized by its large size, rapid growth, and transition from a centrally planned economy to a more market-oriented system.