Which of the Following Components Is Part of Toyota's TPS

question 125

Multiple Choice

Which of the following components is part of Toyota's TPS manufacturing system?

• A)Kaizen,the idea of continuous improvement.
• B)Kanban,just-in-time production.
• C)AndonCord,employees can stop the operation if they see an issue.
• D)All of the above.

Recognize the role and application of normalization in benchmarking.

Distinguish between lead and lag indicators and their importance in performance measurement.

Understand the balanced scorecard approach and its focus areas.

Understand the selection and impact of performance measures on organizational strategy and operations.

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Definitions:

Debt/Equity Ratio

A metric that illustrates the division of financing between debt and equity for a company's assets.

Cost of Equity

The return a firm theoretically pays to its equity investors, i.e., shareholders, to compensate for the risk they undertake by investing their capital.

Cost of Debt

The effective rate that a company pays on its current debt as part of its capital structure.

Debt-Equity Ratio

The financial ratio reflects how shareholders' equity and debt equally contribute to asset financing.