Which of the following statements about lean manufacturing is true?
a. lean manufacturing differs from JIT in the respect that inventory levels are high in JIT and not in lean manufacturing.
b. lean enterprises make products that are in demand by customers, and they make them without waste.
c. all of the above statements are true.
d. One of the disadvantages of lean manufacturing is that the cost of poor quality remains high in the organizations that adopt lean principles
c
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Mallard Corporation uses the product cost concept of product pricing. Below is cost information for the production and sale of 45,000 units of its sole product. Mallard desires a profit equal to a 12% rate of return on invested assets of $800,000. Fixed factory overhead cost $82,000 Fixed selling and administrative costs 45,000 Variable direct materials cost per unit 5.50 Variable direct labor
cost per unit 7.65 Variable factory overhead cost per unit 2.25 Variable selling and administrative cost per unit .90 The unit selling price for the company's product is: A) $19.35 B) $15.75 C) $22.05 D) $21.25
The "chasm" between the early adopters and the early majority market is primarily due to:
a. capital constraints b. poor understanding of the needs of the early majority c. the lack of credible references for early majority buyers d. competition e. early majority buyers wanting additional features
Which statement pertaining to GNI per capita is NOT true?
A. Many managers see great potential in countries where GNI per capita is low. B. GNI per capita gives some idea of the income level of people in that country. C. The GNI per capita is quite high in the United States, Japan, and Germany. D. Managers see less competition where GNI per capita is low. E. The GNI per capita in the United States is the highest in the world.
Warbler Gift's reported the following information for the sales of their single product: TotalPer UnitSales$300,000 $10 Variable expenses 180,000 6 Contribution margin 120,000 $4 Fixed expenses 100,000 Net operating income$20,000 Warbler's salesmen have proposed to decrease the selling price by 50 cents per unit. How many units will need to be sold for Warbler to earn at least the same net operating income?
A. 28,572 units B. 5,715 units C. 36,000 units D. 34,286 units