Which of the Following Is True of Lean Manufacturing?​

question 126

Multiple Choice

Which of the following is true of lean manufacturing?​

• A) ​Lean manufacturing results in increased human efforts.
• B) ​Lean manufacturing seeks to achieve zero defects.
• C) ​In a lean manufacturing setup, production is organized by function into departments and products are produced in large batches.
• D) ​In a lean manufacturing setup, there is significant move time and wait time as each batch moves from one department to another and waits for its turn.

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Definitions:

Interest Revenue

Income earned by a company from investments it has made in bonds, loans, or other interest-bearing assets.

Broker Commission

A fee paid to a broker for executing a transaction or providing specialized services.

Temporary Investments

Investments in securities that are expected to be sold within a short period, typically within one year.

Current Assets

Assets that are expected to be converted into cash, sold, or consumed within one year or within the operating cycle of the business, whichever is longer.