Answer: D. All of these choices are correct.
Explanation:
Lean manufacturing occurs when an organisation produces goods using as little resources as they can, while still producing enough goods at the correct quality.
This includes all options (a-c) for the following reasons:
a. Supplier partnering - it is important to have a smooth operations in terms of the organisation's relationships with their partners. This leads to an efficient supply management because this leads to better control over the flow of material and production planning, especially when the aim is to use minimal resourses.
b. Employee involvement - in lean manufacturing, less human effort is required. However high quality goods at the right quanity still needs to be produced.Therefore it is important for the little employees needed, to work cohesively to produce these goods effectively and efficiently.
c. Product orientated production layout - Also known as assembly line, this is when employees perfom minimal functions at a time, to produce large quantities of a few types of products that are different.
So for lean manufacturing to be implemented and operate effectively, it requires all these options.
Answer:
842,000 shares
Explanation:
Please the solution to the given problem in the file attached below
Answer:
When Economists say that humans make decisions at the margin they mean that decisions are made on the basis of the cost and benefit of getting an additional unit of a good/ service.
Marginal benefit refers to the additional utility that we will derive from consuming one extra unit of a good or service and factors in heavily into our decision making. We usually accept a decision if the Marginal benefit is higher or equal to the Marginal cost ( cost of the additional unit) of the good/service.
If the Marginal Cost is instead higher, the decision would most probably be cancelled.
Answer:
Applied manufacturing overhead is $4,000
Explanation:
Given,
Total manufacturing overhead = $200,000
Activity level = 10,000 DLH
Predetermined overhead rate = 
=
=$20
Manufacturing overhead applied = predetermined rate × time required
= 20 × 200
= $4,000
Therefore, manufacturing overhead of $4,000 is applied to the job.
Answer:
not sure but the answer many be c and b
Explanation:
