A Difference Between Toyota's Lean Manufacturing System and Ford's Lean

question 81

Multiple Choice

A difference between Toyota's lean manufacturing system and Ford's lean enterprise system is

• A)Toyota incorporated employee empowerment, team structure, cellular manufacturing, small batches, and reduced setup times as integral pieces of their system.
• B)Toyota was not structured to deal with product variety.
• C)Toyota valued process over employees.
• D)Low volume products were not compatible with either system.

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Definitions:

Budget Line

A visual depiction of every potential mix of two items that can be bought at specific prices and under a set budget.

Expected Rate

The predicted average rate of return or growth, based on historical data or statistical analysis, applicable to investments or economic variables.

Risk-Free Asset

is an investment that is expected to deliver a guaranteed return with no risk of financial loss.

Expected Rate

Anticipated return on an investment, often considering the risk and time value of money.