In Lean Systems, Work-In-Process Inventory Is a Direct Result of Overproduction

question 129

True/False

In lean systems, work-in-process inventory is a direct result of overproduction and waiting.

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Definitions:

Panamanian Independence

The act or process through which Panama gained sovereignty and independence from Colombia in 1903, with US support.

Treaty of Paris

The 1783 agreement that ended the American Revolutionary War, recognizing the independence of the United States from Great Britain.

Anglo-Saxon Purity

A concept rooted in racial ideology that idealizes the characteristics, culture, and heritage of Anglo-Saxons, often associated with white supremacy.

American Capitalism

An economic system in the United States based on private ownership of the means of production and the creation of goods or services for profit.