Lean Manufacturing Means Getting Rid of Traditional Assembly Lines

question 69

True/False

Lean manufacturing means getting rid of traditional assembly lines.

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Definitions:

Skilled-Based Pay

A compensation strategy where employees are paid based on their skills, certifications, or knowledge, rather than their job title or position.

Incentive Pay

A form of compensation designed to reward employees for achieving performance targets or completing specific objectives.

Wage Inversion

A scenario where newer employees receive higher wages than their more experienced counterparts, often due to market demand or inflation.

Y2K Problem

Refers to a widespread computer bug that was predicted to cause systems to fail at the turn of the millennium because many programs represented years with only two digits.