Which of the Following Is Characteristic of Lean Operations

question 3

Multiple Choice

Which of the following is characteristic of lean operations?

• A) long lead times
• B) easy, mindless jobs
• C) specialty workers with no cross-training
• D) low space requirements
• E) no supplier partnerships

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Definitions:

Investment Projects

Initiatives undertaken by individuals, companies, or governments to allocate resources in the expectation of future financial returns.

Usury Laws

Regulations that set maximum interest rates which can be charged on loans, to protect borrowers from excessively high rates.

Interest Rates

The cost of borrowing money, typically expressed as a percentage of the principal, paid to lenders over a period.

Real Rate of Return

The rate of profit or loss on an investment after adjusting for inflation, providing a more accurate measure of purchasing power.