Timken Company Illustrates the Application of Lean Principles When It

question 21

Multiple Choice

Timken Company illustrates the application of lean principles when it _____.

• A) reduces the total cycle time for new product development
• B) increases safety stock in its inventory system
• C) expands factories and distribution centers
• D) maximizes the number of parts or items in its systems

---

Definitions:

Budgeted Data

Financial forecasts and plans for future periods, outlining expected revenues, costs, and expenses.

Profit After Tax

The net income a company remains with after all expenses, including taxes, have been subtracted from total revenue.

Sales Revenue

The income from sales of goods or services before any costs or expenses are deducted.

Tax Rate

The percentage at which an individual or corporation is taxed on their income or profit.