Which of the Following Is a Lean Strategy

question 181

Multiple Choice

Which of the following is a lean strategy?

• A)Group like machines together.
• B)Produce in smaller batches than a traditional system.
• C)Maintain a higher level of inventory than a traditional system.
• D)Lengthen setup times relative to a traditional system.

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Definitions:

Payback Period

The amount of time it takes for an investment to generate cash flows sufficient to recover its initial cost.

Cash Receipts

Money received by a business during a given period, from operations, investments, and financing.

After-Tax Cash Flows

The net cash inflows and outflows of a project or investment after accounting for income taxes.

Pre-Tax Cash Flows

The amount of cash generated by a company's operations before considering the impact of income taxes.