Which of the below statements are consistent with lean thinking. (Choose all that apply)a) Waiting is one of the Seven Wastes (Muda)b) Automation is the most important component of flow efficiencyc) Each department or function should see other departments that use their output as customersd) The customer determines the pricee) Creating numerical targets is the best way to motivate workersf) Achieve desired profit by increasing the price of productsg) Value is determined by what matters to the customer h) Inspection is the best way to ensure qualityh) Human capability is greater than machine capabilityi) Cultivate human capability through respectj) People are the most valuable resourcesk) Transportation is one of the Seven Wastes (Muda)l) To manage effectively, go and see where the work really takes placem) Inventory is one of the Seven Wastes (Muda)n) Ideally, products should be pulled through production flows by customers
Answers
The statements that are consistent with lean thinking are Waiting is one of the Seven Wastes (Muda), Each department or function should see other departments that use their output as customers, The customer determines the price, Value is determined by what matters to the customer, Cultivate human capability through respect, People are the most valuable resources. The correct option is a, c, d, g, i, j, k, l, m, n.
The statements that are consistent with lean thinking are:
a) Waiting is one of the Seven Wastes (Muda)
c) Each department or function should see other departments that use their output as customers
d) The customer determines the price
g) Value is determined by what matters to the customer
i) Cultivate human capability through respect
j) People are the most valuable resources
k) Transportation is one of the Seven Wastes (Muda)
l) To manage effectively, go and see where the work really takes place
m) Inventory is one of the Seven Wastes (Muda)
n) Ideally, products should be pulled through production flows by customers
The other statements are not consistent with lean thinking.
b) Automation can be an important component of flow efficiency, but it is not the most important. Lean thinking emphasizes the importance of continuous improvement and eliminating waste, which may or may not involve automation.
e) Creating numerical targets can be counterproductive if they are not aligned with the overall goals and values of the organization. Lean thinking emphasizes the importance of engaging and empowering workers to continuously improve processes, rather than simply setting targets.
f) Achieving desired profit by increasing the price of products is not consistent with lean thinking, which emphasizes the importance of delivering value to the customer and eliminating waste.
h) Inspection is necessary to ensure quality, but it is not the best way. Lean thinking emphasizes the importance of building quality into the process and empowering workers to identify and solve problems. The correct option is a, c, d, g, i, j, k, l, m, n.
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Related Questions
Which margin is at the very bottom of the page when printing worksheets?
top margin
bottom margin
header margin
footer margin
Answers
Answer:
Footer Margin
Explanation:
Just took this :)
Answer:
Footer Margin
Explanation:
On April 1, Gina mailed Oscar an offer to buy his home. Oscar received the offer on April 5. On April 6, Oscar deposited a properly addressed, stamped acceptance in the mail. Gina received the acceptance on April 10. On April 8, Gina changed her mind, and she personally delivered a written revocation of the offer to Oscar. In most states: (A) A contract was formed on April 5. (B) A contract was formed on April 6. (C) A contract was formed on April 10. (D) A contract was not formed.
Answers
Answer:
(B) A contract was formed on April 6.
Explanation:
Since in the question it is mentioned that On april 1 gina inform oscar via mail that he is offering to purchase his home. Oscar received the offer as on April 5
And on April 6 oscar give the acceptance over the mail
So in the most states, the option b should be selected as on this date both parties to the contract are agreen upon
Therefore the option b is correct
sandy went to the doctor three times and each appointment cost $200. her copayment was $25 per visit. how much was sandy required to pay in total for her three visits?
Answers
The amount of money that Sandy is required to pay in total for her three visits is calculated out to be $675, including a copayment of $25 per visit.
Sandy's total cost for three visits is the sum of the cost of each visit, which is $200 per visit, or a total of $200 x 3 = $600.
However, she also has a copayment of $25 per visit, so the total amount she is required to pay is $25 x 3 = $75.
Therefore, it can be concluded that Sandy is required to pay a total of $600 + $75 = $<<600+75=675>>675 for her three visits.
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A home improvement store has an assembled kids playset on display. There
are no signs waming parents not to let their kids play on it. When a child
climbs on the playset, it collapses and the child breaks her wrist. The playset
was not assembled properly for use because it was only for display. Is the
home improvement store negligent?
A. Yes. The store has a duty of care to provide a safe environment
and not assembling the playset correctly or putting up warning
signs is a breach of duty. The breach caused the playset to
collapse and resulted in harm to the child.
O B. Yes. Home improvement stores are held to a higher standard of
care than other stores because they sell some dangerous items.
Even though a reasonable person wouldn't climb the playset, the
store is still negligent.
O C. No. Home improvement stores do not have a duty to ensure the
safety of their customers because they sell some dangerous
items. Without duty to the customer, the store cannot be negligent.
OD. No. The store is not in violation of a breach of duty because
customers should know never to climb on or use anything on
display in a store. Without breach of duty, the store is not
negligent
Answers
Answer:
a. yes. the store has a duty of care to provide a safe environment and not assembling the playset correctly or putting up a sign is a breach of duty. and it resulted in harm.
Explanation:
a p e x
an employee can be dismissed if their job surplus to requirements' outline why this state ment is false
Answers
What societal force was in place in mainstream American culture until the 1960s that resulted in separation of people along racial and other lines
Answers
Answer:
segregation
Explanation:
There was a societal force that was in place in mainstream American culture until the 1960s. This societal force was segregation that resulted in the separation of people along racial and other lines.
The United States remains a segregated society in respect of housing patterns and church membership despite all the legal changes that have taken place since the 1960s.
what is the difference between the preservation and installment
Answers
Answer:
Credit sales are typically of shorter duration and installment sales spread payments out over longer periods of time
Explanation:
please mark my answer as brainlist
Answer:
Explanation: An installment agreement requires the buyer of real estate to pay the seller the purchase price in installments over time; the buyer takes immediate possession of the property but the seller retains legal title as security until the buyer pays in full. An installment agreement can be a low-cost, flexible alternative to a traditional mortgage loan.
find out what has happened to UK Industry over the past 10 year
and why is this?
Answers
how to calculate the hourly wage based on the monthly income and state the hourly wage. assume that each full time worker works four 40-hour weeks per month. (the minimum monthly income is $4,089)
Answers
Answer:
$23.85 per hours
Explanation:
The labor wage per hour can be calculate by simply dividing minimum monthly income by the least number of total hours that a labor must work. The resultant amount will be hourly wage of an employee.
Mathematically,
Hourly Wage = Minimum Monthly Income / Total Hours Worked
Here
Minimum Monthly Income is $4,089
Total Hours Worked = 40 Hrs per week * 30 days / 7 days
Total Hours Worked = 171.43 Hours
By putting the values, we have:
Hourly Wage = $4,089 / 171.43 Hrs = $23.85 per hours
effective leaders and managers perform both initiating structure and consideration leader behaviors.T/F
Answers
The statement "Effective leaders and managers perform both initiating structure and consideration leader behaviors" is True. Effective leaders and managers must perform both initiating structure and consideration leader behaviors in order to be successful.
Initiating structure refers to the leader's ability to organize and define work tasks, roles, and responsibilities. This includes setting goals, establishing standards, and creating schedules and procedures. On the other hand, consideration leader behaviors involve creating a positive work environment by showing concern for employees' well-being, needs, and feelings. This includes being approachable, supportive, and empathetic.
By performing both initiating structure and consideration leader behaviors, leaders can create a balanced approach to managing their team. They can ensure that tasks are organized and completed efficiently, while also showing care and respect for their employees. This can lead to increased productivity, job satisfaction, and employee retention. Effective leaders understand the importance of balancing these two behaviors and use them to create a successful and thriving work environment.
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During the first few months of operating a new business, the cash flow is usually:
positive
unknown
estimated
negative
Answers
please do it in one hour please urgently... I'll give you up thumb definitely Under your advice,A has decided to enter the market as a digital two-sided platform.You and your partners have also decided if you will be the first to operate in the market or not. The next issue to solve is selling the software you and your partners own and use the revenues to build the digital platform The software produces a revenue of 130,is proprietary which means only those with the license can use it, and it has unique capabilities with no substitutes in the market.It is copyrighted,so no one can duplicate it You have information about how much 8 potential buyers value the software You also consider it is sensible to assume the bidders are identically and independently distributed according to a uniform distribution, and that the valuations are private information. The information on the bidders' valuations is summarized in Table 1 below Table 1.Valuation of 8 bidders Bidder Valuation 1 100 2 140 3 60 4 130 5 160 6 50 7 80 8 145 3. You know the characteristics of the software make an auction a good way of selling the software,if the auction has the appropriate design.How would you explain to your partners that using an auction mechanism is a good option? In your explanation include the main characteristics of the auction design.
Answers
Using an auction is a good option because it ensures a fair and competitive process for selling the software. It allows potential buyers to reveal their true valuations, maximizing revenue.
Auction design characteristics include private valuations, uniform distribution, and the absence of substitutes, ensuring an efficient allocation of the software to the bidder with the highest value.
Using an auction mechanism is a good option because it promotes fairness and competition among potential buyers, ensuring that the software is sold at its highest possible value. In an auction, bidders reveal their private valuations, providing valuable information about their willingness to pay. This information allows for an efficient allocation of the software to the bidder who values it the most, maximizing revenue. Additionally, the assumption of a uniform distribution ensures equal opportunities for all bidders. Moreover, since the software has unique capabilities with no substitutes, an auction allows for a transparent and market-driven determination of its value. Overall, an auction design enables a competitive environment that optimizes revenue generation for the sale of the software.
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What are some things you do NOT include in a personal property inventory?
Answers
Answer:
your house car etc. things like that
Explanation:
Indicate whether each of the following transactions represents an increase in net exports, a decrease in net exports, an increase in net capital outflow, or a decrease in net capital outflow for the United States. Transaction Net Exports Net Capital Outflow Increase Decrease Increase Decrease The Japanese car manufacturer Nissan builds a factory in Ohio. A German citizen buys an Apple computer. An American buys a Sony TV. An American fashion company opens up an outlet in the U.K.
Answers
Answer:
Net export decreases and net capital outflow decreases
Net export increases and net capital outflow decreases
Net export decreases and net capital outflow increases
Net export increases and net capital outflow increases
Explanation:
Net export = export - import
export would comprise of goods and services produced in the US that are been sold to foreign countries
Import would comprise of foreign produced goods and services that are been sold in the US
Net export would increase when export occurs and decrease when import occurs
Net capital outflow measures the flow of funds in a country. It is the difference between purchase of foreign assets by the citizens of a country and the purchase of domestic assets by foreigners
Net capital outflow = purchase of foreign assets by citizens - purchase of domestic assets by foreigners
Net capital outflow is positive when purchase of foreign assets occur and negative when purchase of domestic assets occur.
1. the setting up of the factory is an import and there is a flow of funds into the US economy. Thus, net export and net capital flow decrease
2. A Apple computer is produced in the US. The sale to a German constitutes an export but there is a flow of fund into the US economy. net export increase and net capital outflow decreases
3. Sony is not produced in the US. the purchase of the TV constitutes an import and there is a flow of funds out of the US economy. Net export reduces and net capital outflow increases
4. The opening of the fashion company outlet in the UK constitutes an export and there is a flow of funds out of the US. Net export increases and net capital outflow increases
A buyer or seller that is unable to affect the market price is called:.
Answers
What do the clothing designers Rag & Bone and Eileen Fisher have in common?
A.
Both have extensive mentorship programs for young designers.
B.
They both have pledged that all their retail shops will be barrier free.
C.
Both companies make most of their clothing from banana fibers.
D.
They both encourage customers to return worn-out clothes for reuse
Answers
Answer: They both encourage customers to return worn-out clothes for reuse
Explanation:
Clothing designers Rag & Bone and Eileen Fisher are similar due to the fact that one can recycle old clothes and shoes and get rewarded. By bringing an Eileen Fisher cloth to their renew store, the person will get $5.
Also, when one beings an old denim to Rag & Bones, the person will get a discount the next time he or she buys a cloth from Rag & Bones.
provide a discussion that illustrates how personal characteristics
of a successful entrepreneur can be leveraged to mitigate against
the sources of failure
Answers
Personal characteristics like resilience, creativity, risk management, and proactivity can be leveraged to mitigate entrepreneurial failure.
The individual qualities of an effective business visionary can without a doubt be utilized to relieve against possible wellsprings of disappointment. We should think about a couple of models:
1. Versatility: A business visionary who has flexibility can return from mishaps and disappointments. When confronted with impediments, they view them as learning open doors as opposed to difficult hindrances. This outlook permits them to adjust, change methodologies, and drive forward through testing times.
2. Imagination: Business visionaries with solid inventive abilities can consider new ideas, concoct creative arrangements, and investigate additional opportunities. This empowers them to find elective courses when confronted with startling obstacles or market shifts, decreasing the effect of likely disappointments.
3. Risk the executives: Effective business people are frequently gifted at evaluating dangers and settling on informed choices. They investigate possible dangers, foster emergency courses of action, and go ahead with well balanced plans of action.
By understanding potential disappointment focuses and executing risk alleviation techniques, they can limit the effect of unanticipated difficulties.
4. Proactivity: Business people who are proactive in looking for potential open doors, gathering market knowledge, and remaining in front of patterns can moderate against disappointment brought about by an absence of versatility or being surprised by changes in the business scene.
By utilizing these individual attributes, business visionaries can upgrade their capacity to explore and alleviate possible wellsprings of disappointment. These attributes enable them to turn, gain from botches, embrace change, and go with informed choices, eventually expanding their possibilities of long haul achievement.
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The complete question is:
Provide a discussion that illustrates how personal characteristics of a successful entrepreneur can be leveraged to mitigate against the sources of failure highlighted in the extract.
3. Question 3 Fill in the blank: Working for companies _____ means you'll work on a project-by-project basis, but not as a full-time employee.
Answers
Answer:
on a contract
Explanation:
An employee can be defined as an individual who is employed by an employer of labor to perform specific tasks, duties or functions in an organization.
Basically, an employee is saddled with the responsibility of providing specific services to the organization or company where he is currently employed while being paid a certain amount of money hourly, daily, weekly, or monthly depending on the contractual agreement between the two parties (employer and employee).
Any employee working for companies on a contract simply means or implies that, he or she work on a project-by-project basis rather than as a full-time employee.
For instance, a freelancer is someone who offers or provides his or her service to other employer of labor (business organization) without entering into a long-term contractual agreement.
I realized the chart I chose did not reflect the data in the way I wanted.What should I do
Answers
Consider changing the chart type or adjusting the chart settings to better reflect the data.
If the chosen chart does not accurately reflect the data, it may be necessary to adjust the chart type or settings. For example, if a bar chart is not displaying the data in the desired way, a line chart or scatter plot may be more appropriate.
Additionally, adjusting the chart settings, such as the axis labels or scales, may improve the chart's clarity and accuracy. It is important to choose a chart type that best represents the data and conveys the desired message to the audience.
Making adjustments to the chart can help to effectively communicate the data and enhance the overall presentation.
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suppose that a small-town theater has six potential customers and is looking to implement price discrimination depending on when customers want to attend. suppose the marginal cost of serving an additional customer is $1.50. the data provide information about the time of attendance and willingness to pay for a ticket.
Answers
Based on the information that can be gotten from the question, the price that should be charged by the theater for the matinee ticket will be $7.
From the complete information, when the price is $4 and the 3 customers enjoy the movie, the profit will be:
= ($4 - $1.5) × 3
= $2.5 × 3
= $7.5
Now, let's assume that the price charged is $7 and 2 customers enjoy the movie, the profit will be:
= ($7 - $1.5) × 2
= $5.5 × 2
= $12
Now, when the price is $12 and only 1 customer enjoyed the movie, the profit will be:
= ($12 - $1.5) × 1
= $10.5
It can be depicted that the profit of the theater will be at maximum when the price that is charged is $7.
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list five of the important accounting assumptions that have had an impact on the development of generally accepted accounting principles.
Answers
Five important accounting assumptions that impact GAAP are: Going Concern, Accrual Basis, Monetary Unit, Time Period, and Historical Cost, guiding financial reporting for consistency and accuracy.
Five important accounting assumptions that have had an impact on the development of generally accepted accounting principles (GAAP) are:
1. Going Concern Assumption: This assumption assumes that the entity will continue its operations in the foreseeable future. It allows accountants to prepare financial statements under the assumption that the company will not liquidate or go bankrupt.
2. Accrual Basis Assumption: The accrual basis assumption requires that transactions and events are recorded in the financial statements when they occur, regardless of when the cash is received or paid. It helps provide a more accurate representation of a company's financial performance and position.
3. Monetary Unit Assumption: The monetary unit assumption assumes that the financial transactions and events recorded in the financial statements are expressed in a stable currency, such as the U.S. dollar. It allows for the measurement and comparison of financial information over time and between different entities.
4. Time Period Assumption: The time period assumption assumes that the economic activity of an entity can be divided into specific time periods for financial reporting purposes. It allows for the preparation of financial statements on a regular basis, such as monthly, quarterly, or annually.
5. Historical Cost Assumption: The historical cost assumption requires that assets and liabilities are recorded at their original acquisition or production cost. This assumption provides reliability and verifiability to the financial statements, but it may not always reflect the current market value of assets and liabilities.
These accounting assumptions form the foundation of GAAP and help guide the recognition, measurement, and disclosure of financial information to ensure consistency, comparability, and relevance in financial reporting.
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Read the scenario.
Madison received $100 as a holiday gift. She used it to buy 50 mineral infused candles for $2
each. Then, she walked around the neighborhood and sold the candles for $4 each.
R
What factors of production did Madison use?
Answers
Answer:
1/34
Explanation:
Answer:
all four factors of production
Explanation:
I just took the test now and got it right
How's everyone's day? explain please
Answers
Answer:
You're asking how the people in a particular place or environment you are in on how their life was that day whether it was fun exciting sad or gloomy etc.
Answer:
I'm doing fin-e, just s-ad because I ca-n't get the New Toon Meo-wscles sk-in from fort-nite because my P-s4 br-oke and Now I ca-n't get the bundle which is at a good price. I wish I could get it.
Explanation:
1) Companies must consider four special service characteristics when designing service marketing programs. Discuss a recent service experience using the four characteristics.
Answers
Answer: Intangibility, inseparability, variability, and perishability
Explanation:
What makes your business stand out is what you do differently from the rest. In the business world, virtually everyone is doing the same thing, and at the end of the day fight over same customers, but have a unique selling point helps your business stand out. This unique selling poi t is what drives your marketing strategy, which should be Intangibility, inseparability, variability, and perishability. Your unique selling point is made very loud in your message, telling people why they need to use you. An example is Coca-Cola, they've been in the market for a long while, selling their business and creating that message in people's mind that they are exceptional.
started business with cash Rs 100000 and furniture Rs 50000
Answers
Answer:
See below
Explanation:
Cash and furniture are assets. An increase in assets is debited. The amounts used to buy the in facilitating the transactions is the capital.
The journal entry will be as below,
Cash A/c Dr. Rs 100,000
Furniture A/c Dr. Rs 50,000
Capital A/c Cr. Rs 150,000
A market economy is not based on____.
A. Personal choice
B. Having no choices
C. A vote
D. The public
(Note: this is a multiple choice answer. Thanks!)
Answers
A market economy is not based on A vote. below you can learn more about Market Economy.
What is a Market Economy?A market economy is an economic system where production and prices are determined by competition between privately owned businesses.
Other forms of Economic system include
command andmixedA command economy is that in which the government at the center controls the factors of production and determines the output levels.
A mixed economic system is that in which the Private individuals control the means of production under the leadership of the government.
Therefore in a market economy, the factors of production are not controlled by a vote.
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Post-Assessment
Question 2 of 5
Why is buying a car considered "bad debt"?
It decreases in value over time
It increases your net worth as it build equity
It gives you transportation to and from your job
It is worth more than any other investment
Submit
Continue
E
Answers
The reason why buying a car considered "bad debt"is that It decreases in value over time. option A
What is bad debt?The term bad debt can be described as the amount of money that a creditor must write off as a result of a default on the part of the debtor in a case whereby the creditor has a bad debt on the books, then things turn to uncollectible and is recorded as a charge-off.
It should be noted that a case can be regarded as bad debt because the value of the asset you receive from the loan depreciates quickly however in some cases interest charges increase how the amount that is been paid for the vehicle. and in thius case cost is higher compare to what it would be if you'd purchased the car outright with cash.
Hence, option A is correct.
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Suzie pays her insurance company every month for coverage for her car. This payment is called the ___. deductible premium contribution liability
Answers
Answer:
premium
Explanation:
Premium is the term given to the regular and periodic payments that the insured makes to the insurance companies. Premiums are the payments for the insurance coverage.
Insurance coverage is a contract between the insurance company and the customer. As per the contract agreement, the company provides insurance coverage, and the customer pays premiums. In other words, Premium is the consideration for the insurance coverage.
The set of skills and knowledge needed to make informed decisions about
money matters is called financial literacy.
A. True
B. False
Answers
I’m pretty sure
which of the following is a characteristic of monopolistic competition?group of answer choicesrelatively easy entrya relatively small number of firmsstandardized productabsence of nonprice competitionblocked entry
Answers
A characteristic of monopolistic competition is relatively easy entry. In monopolistic competition, there are many firms in the market, and new firms can enter or exit the market relatively easily without significant barriers to entry. So the correct option is A.
This feature of the market allows for competition to exist and for firms to differentiate their products from one another. The presence of easy entry into the market can also limit the ability of existing firms to charge higher prices or earn above-normal profits over the long term, as new entrants can come in and undercut their prices.
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Full Question ;
which of the following is a characteristic of monopolistic competition?group of answer choices
relatively easy entrya
relatively small number of firms
standardized product absence of nonprice
competition blocked entry