When a Company Participates in Lean Thinking They Evaluate Current

question 96

Multiple Choice

When a company participates in lean thinking they evaluate current practices to

• A)do minimal work with highest attention and care for details.
• B)deliver the best customer service while compromising on volume and quantity.
• C)create quality products and services using maximum resources.
• D)do more with less effort,time,space,and equipment.
• E)discourage training and quality programs.

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Definitions:

Interest Rates

The percentage of a sum of money charged for its use, indicating the cost of borrowing money or the return on invested savings.

Inflation Rates

The pace at which overall prices for goods and services climb, diminishing the value of money.

Present Value

The current worth of a future sum of money or stream of cash flows given a specified rate of return.

Interest Rate

The percentage charged by a lender to a borrower for the use of assets, reflecting the cost of borrowing money.