Why Are Project Teams the Most Difficult Type to Reward

question 14

Multiple Choice

Why are project teams the most difficult type to reward?

• A)Team membership may change during the project.
• B)Members serve multiple supervisors.
• C)They work too briefly together.
• D)All of the above.
• E)None of the above; project teams are not the most difficult to reward.

Differentiate between Kanban and other inventory management systems.

Grasp the importance of reducing setup costs in lean manufacturing and how it influences lot size and scheduling.

Comprehend the role of JIT (Just-In-Time) and lean operations in improving process efficiency and reducing waste.

Recognize how JIT approaches impact quality management and the cultural shifts required for successful implementation.

---

Definitions:

Marginal Cost

The cost escalation associated with the production of one more unit of a product or service.

Economic Loss

Occurs when total cost exceeds total revenue, not covering all explicit and implicit costs.

Economic Profit

The separation between whole income and all charges, factoring in both straightforward and subtle costs.

Excess Capacity

The situation where a firm is producing less than the maximum output due to lack of demand.