The time required to completely produce an item if only one unit is being produced at a time is known as ______.
A. cycle time
B. flow time
C. idle time
D. balance efficiency
B. flow time
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A system fails 10 times in 100 hr of operation. The failure rate of the system is ______.
A. 0.10 B. 0.20 C. 0.30 D. 0.40
Which of the following is the placement of a product or service offering in the minds of consumer targets?
A) positioning B) placement C) segmentation D) targeting E) product promotion
Ken, a research chemist, has been promised a fellowship with a stipend of $10,000 to do research on synthetic fuel oil. Under the terms of the fellowship, Ken is free to use the money as he sees fit. Ken decides to build his own laboratory, so he will
not have to rent one. He hires a carpenter who begins working on shelving and cabinets in the laboratory. Then Ken receives a telegram saying the fellowship has been canceled. No reason is given for the cancellation. If Ken sues, will he be able to collect the money from the foundation which promised the fellowship? Explain your answer using legal terminology.
Regarding the Eight Types of Waste that must be eliminated to implement lean systems, excessive movement and material handling of product between processes is part of which general waste category?
A) Motion B) Transportation C) Inappropriate Processing D) Underutilization of Employees