Discuss principles of lean production, specifically the ways that the Toyota Production System uses to eliminate waste.
What will be an ideal response?
Shoichiro Toyoda advocated eliminating the following:Defects, because they are costly because they have to be repaired or scrapped.Overproduction, because it must be stored and may never be sold.Transportation costs, because they can be minimized by locating close to suppliers and customers.Waiting, because idle resources are wasteful.Inventory in excess of the minimum required, because it is unproductive and costly.Motion, whether by-product, people, or machinery, because it can be wasteful.Processing that is not productive, because it is wasteful.
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Which of the following is generally not included in a letter of acceptance?
A) An acceptance of the position B) A reminder of why other firms were interested in you C) An expression of thanks D) An identification of the job being accepted E) Necessary details such as start date and salary
As a media buyer, Gus should expect to make newspaper advertising purchases on the basis of scatter buys
Indicate whether the statement is true or false
Ratio analysis is used most effectively to measure a company against other companies in different industries
Indicate whether the statement is true or false
Conflict is not a state, but a:
A) Way of life. B) Condition. C) Process. D) Certainty.