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Lean Thinking Involves Carrying Large Amounts of Inventory "Just in Case

question 172

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Lean thinking involves carrying large amounts of inventory "just in case" something goes wrong.

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Definitions:

Lien

A legal right or claim against a property, typically used as security for a debt or loan, ensuring payment.

Satisfy Debt

To fully pay off or settle a debt, meeting the terms agreed upon by the debtor and creditor.

Equipment

Equipment consists of the necessary tools, machinery, devices, or any tangible items required for the specific purpose of executing a task or activity.

Mortgage Insurance

An insurance policy designed to protect the lender from the risk of the borrower defaulting on a mortgage.

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