What Is Lean Manufacturing

question 116

Multiple Choice

What is lean manufacturing?

• A) eliminating the time products spend in activities that do not add value
• B) reducing the time products spend in the production process
• C) reducing the amount of inventories by ordering raw materials only when needed and making products only when ordered by customers
• D) continuous process improvements to eliminate waste from the entire enterprise

Understand the differences between various types of steering systems.

Identify components not part of specific steering systems.

Comprehend the complexity levels of different steering systems.

Recognize what powers most power steering systems.

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Definitions:

Research And Development

Encompasses the investigative activities a business conducts to improve existing products and procedures or to lead to the development of new products and procedures.

Overhead Rate

A method for distributing overhead expenses to goods or services, usually depicted as a ratio or percentage.

Direct Labour

The labor costs of employees who are directly involved in the manufacturing or production process of goods.

Inventories

Assets held for sale in the ordinary course of business, or goods that will be used or consumed in the production of goods to be sold.