Lean production replaced JIT in the 1990s because JIT did not address the problem of reducing waste.
Answer the following statement true (T) or false (F)
False
The basis of lean thinking came from the just-in-time (JIT) production concepts.
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Hospitality employees are different from manufacturing employees; in addition to task skills, they must have ______.
a. an understanding of basic culinary principles b. extensive experience c. a warm personality d. interpersonal and problem-solving skills
Explain how MGRM's cash flows would have changed if the basis had increased (rather than fallen) and if oil prices had fallen (as they did)
What will be an ideal response?
Harvest Corp. has a contribution margin ratio of 30%, fixed costs of $45,000, and a profit of $60,000. What are total sales?
A. $150,000 B. $31,500 C. $350,000 D. $105,000
Gather data through asking questions, interviewing people, running tests, reading reports, or analyzing data
a. True b. False Indicate whether the statement is true or false