Which of the Following Is a Risk That Would More

question 61

Multiple Choice

Which of the following is a risk that would more likely be seen in a lean production and just-in-time (JIT) manufacturing environment than in a traditional production environment?

• A) Reduced customer satisfaction due to product quality.
• B) Reduced raw material supply bringing the production process to a halt.
• C) Increased inventory storage costs.
• D) Increased production time resulting in lost sales.

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Definitions:

Skewed Left

A distribution characterized by a longer tail on the left side, suggesting that the bulk of data is concentrated to the right of the mean.

Relative Frequency Histogram

A type of histogram that displays the relative frequencies of different categories of data, showing the proportion of data that falls into each category rather than the raw count.

Frequency Histogram

A graphical representation showing the frequency of various outcomes in a dataset, usually with bars.

Frequency Distribution

A statistical representation that shows the number of occurrences of each value in a dataset, often displayed in a table or graph.