Lean Production Is Both a Philosophy and a Business Strategy

question 100

True/False

Lean production is both a philosophy and a business strategy of manufacturing without waste.

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Definitions:

Board of Directors

A group of individuals elected by shareholders to oversee the management and governance of a corporation.

Dividend

A portion of a company's earnings which is paid to shareholders, usually on a quarterly basis.

Common Stock

A type of equity security that represents ownership in a corporation, giving holders voting rights and a share in profits through dividends.

Par Value

The nominal or face value of a bond, share of stock, or coupon as stated by the issuer.