MATCHING Complete the Following Using the Terms Listed

question 164

Multiple Choice

MATCHING
Complete the following using the terms listed.
-An inventory system that tries to keep inventory on hand to a minimum and seeks to eliminate all sources of waste is called a(n) _____ system.

• A)process layout
• B)LEED certification
• C)Gantt chart
• D)PERT chart
• E)Inventory control
• F)ISO
• G)critical path
• H)Computer-integrated manufacturing
• I)Utility
• J)perpetual inventory
• K)Materials requirement planning
• L)standardization
• M)Routing
• N)assembly line
• O)robot
• P)just-in-time
• Q)benchmarking
• R)synthetic production system
• S)make, buy, or lease decision

Comprehend the impact of a family's entrepreneurial activity on innovation and transformational change.

Identify the mechanisms of family corporate venturing and its relevance to enterprising families.

Recognize the importance of effective communication and mentoring in building a successful enterprising family.

Understand the process of building long-term value across generations in family businesses.

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Definitions:

Capacities Known

A situation where the maximum output levels for resources or processes are clearly identified and measured, facilitating planning and optimization.

Set-Up Times

refers to the period required to prepare equipment, machines, or systems for a manufacturing process or operation, aiming to minimize it for efficiency.