CEO for Bryce Corporation has announced to the management team that it has been decided to implement lean manufacturing at the Plattsville plant. The CEO stated, "I want to eliminate unnecessary steps in the production process and continually strive for ________. We must emphasize quality, speed, and flexibility."
A. computer-integrated manufacturing
B. improvement
C. mass customization
D. formalization
E. just-in-time delivery
Answer: B
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Which of the following statements is true of a revocation?
A) It can be made by the offeree. B) It needs to be received by the offeree to be effective. C) It can be done even after acceptance of the offer. D) It can be applied to an option contract.
The ________ property of linear programming models indicates that the rate of change or slope of the objective function or a constraint is constant
A) additive B) divisibility C) certainty D) proportionality
For the lean manufacturing approach to work well,
A. specific-purpose equipment must be used. B. supplier relationships should be short term. C. communication must be formal among line workers. D. product development should be sequential rather than concurrent. E. people should be broadly trained rather than specialized.