Rework leads to additional inspection costs, yield losses, and the loss of goodwill on the part of customers. This is an example of ______.
a. mura
b. muda
c. heijunka
d. poke yoke
b. muda
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The expected value of the discrete random variable x is ?, a weighted average of all possible values of x
a. True b. False Indicate whether the statement is true or false
The cost of producing or buying the product—plus making a profit—is the primary basis for setting price in this pricing strategy
A) competitive pricing B) target costing C) cost pricing D) price skimming E) penetration pricing
Which of the following statements concerning differences between continuous review (Q systems) and periodic review (P systems) inventory systems is FALSE?
A. Higher than normal demand during the order cycle leads to a shorter time between orders for Q systems, while in P systems it leads to larger order sizes. B. In continuous review systems, orders are placed for a fixed quantity of goods after a variable length of time has passed. C. In periodic review systems, orders are placed after an elapsed period, P, has passed, for a variable quantity of units. D. P systems require a perpetual inventory count, while Q systems require a periodic inventory counting system.
The dollar-euro exchange rate is $1.25 = €1.00 and the dollar-yen exchange rate is ¥100 = $1.00. What is the euro-yen cross rate?
A. €1.00 = ¥0.80 B. €125 = ¥1.00 C. €1.00 = ¥125 D. none of the options