Lean Thinking Is a Management Philosophy That Strives to Create

question 164

True/False

Lean thinking is a management philosophy that strives to create value by eliminating waste.

---

Definitions:

Ability-to-pay Principle

A tax principle stating that taxes should be levied according to an individual's or entity’s capacity to pay, typically measured by income or wealth.

Constitutional

Relating to the system of beliefs and laws that governs the organization and operation of a state or organization, typically documented in a written constitution.

Public Goods

Public goods are characterized by their non-excludability and non-rivalrous consumption, meaning they can be used by everyone and one person's use does not diminish another's, such as clean air or public parks.