As Lean Systems Thinking Is Implemented,the Amount of Training That

question 17

Multiple Choice

As lean systems thinking is implemented,the amount of training that employees receive:

• A)Tends to be about the same as with other manufacturing philosophies.
• B)Tends to increase.
• C)Tends to be reduced dramatically,replaced instead by continuous improvement.
• D)Is focused exclusively on statistical process control.

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Definitions:

Product-variety Externality

The impact on consumer welfare or market efficiency due to variety in products available, often seen as a positive externality in markets.

Business-stealing Externality

A negative effect where a new entrant in a market draws customers from existing businesses, potentially harming those businesses without creating new value for the market as a whole.

Negative Externality

A cost that affects a party who did not choose to incur that cost, often associated with the production or consumption of a good or service.

Advertising

The activity or profession of promoting products, services, or ideas through various forms of media.