Multiple Choice
Lean measures which have financial impact are those that create cost reduction, inventory reduction, or increased revenue. Which measure would be used if the hourly wage rate is computed and counted each time a process is executed?
A) The financial impact of errors.
B) The financial impact of inventory.
C) The financial impact of revenue.
D) The financial impact of time.
Correct Answer:
Verified
Correct Answer:
Verified
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Q2: Customer satisfaction is the main goal of
Q3: Waste is identified as anything that does
Q4: Which tool used in management decisions to
Q6: Queue times are important lean measures in
Q7: Strategic lean metrics include return on capital,
Q8: Visual feedback on key measures should be
Q9: Lean waste measurements impact a business's bottom
Q10: The concept of "time economy" for quality
Q11: Internal measures should be aligned with the