Which of the following assumptions does not belong in a list of characteristics of lean production?
A) labor is more costly than machines
B) set up time can be reduced
C) minimize inventory to cut costs and wastage
D) maximize backwards integration
E) inspection to prevent defective production
D
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When it comes to learning from failure in the innovation process, former Procter & Gamble CEO A. G. Lafley suggests that the key is to
A. work within a competent team so that blame is spread around among strong players. B. look for innovation in small increments, so that failure risks are small. C. fail early, fail cheaply, and don't make the same mistake twice. D. develop a tolerance for ambiguity so that failure does not personally upset you. E. avoid it by almost any means necessary because it will irreparably harm your reputation.
Apply the three-step writing process to instant messaging
What will be an ideal response?
Which of the following statements concerning defined-benefit pension plans is (are) true? I. The contribution rate by the employer varies from year to year. II. The retirement benefit is not known in advance
A) I only B) II only C) both I and II D) neither I nor II
What is the usual source of journal entries to record the purchase of inventory in the general ledger?
A) Bid quotes updated with cost data from the inventory records department. B) Sales invoices updated with cost data from the inventory records department. C) Receiving reports updated with cost data from the accounts payable department. D) Purchase invoices updated with cost data from the inventory records department.