Which of the Following Is Not a Principle of Lean

question 41

Multiple Choice

Which of the following is not a principle of lean manufacturing?

• A)Products are pushed from the production end to the customer.
• B)All activities that do not add value and maximize the use of scarce resources must be eliminated.
• C)A goal is the achievement of a high inventory turnover rate.
• D)A lean manufacturing firm must have established and cooperative relationships with vendors.

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Definitions:

Market Imbalances

Situations where the quantity supplied of a good does not equal the quantity demanded, leading to surpluses or shortages.

Quantity Demanded

The total amount of a good or service that consumers are willing and able to purchase at a given price.

Market Equilibrium

The state in economics where the supply of goods matches demand, leading to stable prices.

Price Floor

A minimum price set by the government or a regulatory body, below which a good or service cannot legally be sold.