1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
mihalych1998 [28]
2 years ago
12

In the Toyota Production System, waste and inefficiency are referred to as __________, and the ongoing effort to reduce this is

referred to as __________. jidoka; heijunka muda; kanban kaizen; heijunka muda; kaizen muda; jidoka
Business
1 answer:
Monica [59]2 years ago
8 0

Toyota has one of the finest production system of cars in the world.

It constinuously strives to improve its production lines and waste managements.

The waste and inefficiency are refetrred to as Muda and the company makes ongoing efforts to reduce this is known as Kaizen.

<h3>Muda</h3>

It is a Japanese term which is used for uselessness.  Toyota tries to manage and allocate its resources effectively so that its waste is limited.

<h3>Kaizen</h3>

It is a Japanese term which means continuous improvement.

Toyota follows this technique iin its production so that its allocates optimal resources and produces minimum possible waste which leads to increased profitability.

Learn more Business at brainly.com/question/27383669

You might be interested in
A company has total revenue of $50,000,000, cost of sales of $40,000,000, operating expenses of $5,000,000, and financing costs
bekas [8.4K]

Answer:

$30

Explanation:

Earning per share is calculated dividing Earning for the year excluding preferred dividend by outstanding number of shares.

Formula for EPS is as follow:

Earning Per share = ( Net Income  - Preferred Dividend ) / Outstanding Numbers of shares

We need to calculate the net Income, which is calculated as below

Net Income = Revenue - Cost of Goods Sold - Operating Expenses - Financing costs = $50,000,000 - $40,000,000 - $5,000,000 - $2,000,000

Financing costs = $3,000,000

Placing Values in the formula of EPS

EPS = $3,000,000 / 100,000 shares = $30

8 0
3 years ago
The condition of fully flexible wages and prices was assumed by
nignag [31]
The answer to this question is <span> B) the classical economists.
Classical economist based their assumptions on the view that market will always find a way to regulate itself without any external intervention.
In reality, many private establishments often exert their power to control a specific resource in the market in order to rake in more profit (such as what monopolist do)</span>
8 0
3 years ago
A. Explain the role labor’s productivity plays in wage determination in the competitive labor market. If productivity increases,
Dima020 [189]

Answer:

(A)Wages decrease in the long term

Explanation:

(A) The principles of supply and demand applies here.

Higher worker productivity in a particular industry implies increased demand for workers in the industry (short term effect).

Increased supply of workers implies:

1. output per worker increases, resulting in increase in supply of products in the industry. But, the laws of supply and demand comes in, because when supply increases, prices decrease.

That is, the increase in worker productivity may cause a decrease in prices resulting in a decrease in wages since the firm's revenue declined (long term effect).

2. Increase in the supply of workers in the industry with increased in productivity over workers from other industry because of initial increase in wages. This would lead to a decrease in wages because the supply of workers would exceed demand.

(B) The compensation differential is the additional amount of money that a given worker must be offered in order to motivate him to accept a given undesirable job, relative to other jobs that the worker could perform.

(C) This is called a derived demand because it is often based on the demand for products.

For example, when consumers want more of a particular good or service eg clothing, more firms in the industry will want workers that make this product.

6 0
3 years ago
Assume the economy is operating at full employment. If the economy enters a sudden economic expansion, the quantity of money ava
eduard

Answer:

the qquantity of money available in the economy will increase because there will be more foreign  investments plus now the economy will start exporting and will reduce its imports so the quantity of money will increase.

3 0
3 years ago
Read 2 more answers
Can you breifly explain why stockholders' investment and revenues increase stockholders' equity, while dividends and expenses de
Scilla [17]
From an accounting standpoint, stockholders' investment and revenues increase the assets of the company without adding to the liabilities. Therefore according to the equation (A = L + E), equity must increase.

Similarly, issuing dividends and paying expenses pays cash out of the company, which decreases assets without changing liabilities. Therefore equity must decrease.

Another way to think of it is: what contributes to the company's profit and/or value, and what decreases these things? Well, revenues and people investing in the company are good (and therefore good for stockholders), and giving cash out and paying expenses are costs to the company (and therefore decrease value for stockholders).
5 0
3 years ago
Other questions:
  • _______ is a non-cash expense representing the cost assets as they lose value over time
    5·1 answer
  • Deydey hollows out a piece of basswood to make a trough . if one makes trough by hollowing something out, what does trough mean
    10·2 answers
  • The bowed shape of the production possibilities frontier can be explained by the fact that
    6·1 answer
  • The Burgers 4 Upper U Restaurant Group supplies its franchise restaurants with many​ pre-manufactured ingredients​ (such as bags
    11·1 answer
  • If a company is operating beyond its break-even point, sale of one more unit of product increases the company's profit by the am
    11·1 answer
  • Select all that apply. Which of the following items demonstrate poor choices made by private property owners?
    15·2 answers
  • If steven's account balance is less than -$20.00, but greater than -$21.00 what could stevens account balance be? answer below :
    14·1 answer
  • What is functional structure in organization?​
    9·1 answer
  • What will happen to the market value of a bond if interest rates decrease?
    8·1 answer
  • What is the term for the level of output at which the sales revenue of the firm just covers the fixed and variable costs includi
    6·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!