In a Lean Environment, Operations Only Respond to Customer Orders

question 128

True/False

In a lean environment, operations only respond to customer orders.

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Definitions:

APR Interest

Annual Percentage Rate; the annual rate charged for borrowing or earned through an investment, which includes any fees or additional costs associated with the transaction.

Received Monthly

Regular payments or incomes that are received every month, often related to salaries, benefits, or recurring revenue streams.

Received Quarterly

Pertaining to events or payments that occur once every three months.

Thirty Year Mortgage

A long-term mortgage loan typically repaid over a period of 30 years, with fixed or variable interest rates.