Which of the Following Is an Advantage of Lean Production

question 45

Multiple Choice

Which of the following is an advantage of lean production and just-in-time (JIT) manufacturing systems?

• A) Deliver the product to the customer on time,even if the workers go on a strike.
• B) Improved product quality and reduced processing time.
• C) Reduced reliance on highly skilled employees
• D) Increased reliance on few suppliers.

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Definitions:

Autonomous Consumption

Spending that does not depend on current income levels, such as basic necessities, implying that this consumption occurs even in the absence of income.

Disposable Income

represents the amount of money that households have available for spending and saving after income taxes have been accounted for.

Saving

The portion of income that is not spent on consumption but rather set aside for future use or emergencies, contributing to personal and national wealth.

Autonomous Consumption

The level of consumption that occurs when income is zero, reflecting expenses that are necessary or committed.