Which of the Following Is NOT an Element of Lean

question 17

Multiple Choice

Which of the following is NOT an element of Lean production?

• A)to have only the required inventory when needed
• B)to increase waiting time
• C)to improve quality
• D)to reduce setup times

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Definitions:

Limited Liability Company

A business organization strategy that harmonizes the limited liability advantage of a corporation with the taxation simplicity of a partnership or sole proprietorship.

Operations Participation

The involvement or engagement in the ongoing activities or processes of an organization, project, or system.

Articles of Organization

A document filed with a state governmental entity to legally establish a limited liability company (LLC).

Member-Managed

Describes a management structure in a limited liability company (LLC) where all members (owners) actively participate in the day-to-day operations and decision-making process.