Which two of the following areas does lean/just-in-time production focus its attention on?
I. Cost
II. Quality
III. Variance
IV. Waste
A. I and III
B. II and IV
C. I and II
D. III and IV
D. III and IV
As pointed out in the text, the key focal points for lean are variance and waste.
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A. Working capital B. Current ratio C. Return on sales D. Return on equity E. Earnings per share
According to the SPM, ______.
a. every task performed in every area of a firm has an impact on the firm’s bottom line b. every task performed in every area of a firm has an impact on the firm’s product quality c. every task performed in every area of a firm has an impact on the firm’s production capability d. every task performed in every area of a firm has an impact on the morale of the firm’s employees
A conclusion depends upon your purpose in describing the topic. If you write "This computer carries a 10-year warranty on parts and labor," your purpose is a
A) Guarantee. B) Testimony. C) Comparison/contrast. D) Sales.