Identify at least two characteristics of a lean production and just-in-time (JIT) manufacturing environment
Some of the characteristics are as follows:
· the absence of inventories
· the use of manufacturing cells
· a "pull" system
· fewer but highly reliable suppliers
· focus on reduction of waste and scrap
· trained and reliable employees
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Advertisers are reluctant to use magazines as an advertising medium because
A. magazines printing costs are increasing because of mass circulations. B. magazines have a low cost per thousand (CPM). C. the results of magazine advertising cannot be measured. D. magazines cannot deliver high frequency. E. online magazine circulation is inefficient.
As a rule of thumb, to do a process capability analysis, ______.
A. we should collect a minimum of 20 samples B. each sample in our data collection should have at least 500 items C. we should collect a maximum of 500 samples D. each sample in our data collection should be from a different population
The average cost of capital of Smile Industries is
a. 2.4% b. 1.2% c. .6% d. 3.6%
Sehun was flying to France for vacation when he realized he forgot his sunglasses. He purchased some at an airport shop even though they were more expensive than she would normally have paid. Sehun was influenced by situational influences.
Answer the following statement true (T) or false (F)