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andre [41]
3 years ago
13

Which is not a characteristic of Lean production: 1. There are frequent, small deliveries 2. Suppliers are treated as partners t

o develop win-win improvements 3. Workers are viewed like machinery, needed to get the job done, nothing more 4. A pull system is the ideal method for material flow (versus push system)
Business
1 answer:
olchik [2.2K]3 years ago
3 0

Answer:

The incorrect statement is number (3): Workers are viewed like machinery, needed to get the job done, nothing more.

Explanation:

Lean production or Lean Manufacturing is a method of work organization that focuses on the continuous improvement and optimization of the production system by eliminating waste and all activities that do not add any value to the process. Its main purpose is to minimize the losses that arise in any manufacturing process and implement only those resources that are relevant.

<em>Lean production aims to boost employees' efficiency not necessarily automating their duties.</em>

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An airline has a marginal cost per passenger of $20 on a route from Minneapolis to Dallas. At the same time, the typical fare ch
luda_lava [24]

Answer:

The fixed costs are too high. The marginal cost generally represents variable costs and they might be very low, but if the fixed costs are simply too high, they will need to increase the price of the plane tickets in order to break even. The break even formula is calculated by dividing total fixed costs by marginal revenue (selling price - variable costs).

3 0
3 years ago
Ponzi Products produced 100 chain-letter kits this quarter, resulting in a total cash outlay of $10 per unit. It will sell 50 of
irga5000 [103]
A. I think that’s the answer, hope it works
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3 years ago
It is estimated that the annual maintenance cost of a statue erected in front of a public building in a state capital would be $
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Answer:

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3 0
3 years ago
Which of the following is not a related party transaction? a) Acme Corporation leases office space to Norton Company. Mr. and Mr
KengaRu [80]

Answer:

c) Beth Teal pays $15,000 a year to her gardener, Ben. Beth is Ben's grandmother.

Explanation:

A related party transaction is any business transaction that takes place between entities that share some type of common interest, e.g. a parent company leasing a factory to one of its subsidiaries. They are legal, but the potential for conflicts of interest exist. Following the example, if the lease price is higher than fair market price, then the transaction could be considered fraudulent. The SEC requires that publicly traded corporations disclose all related party transactions.

7 0
3 years ago
When tolls on the Dulles Airport Greenway were reduced from $1.75 to $1.00, traffic increased from 10,000 to 26,000 trips a day.
Artemon [7]

Answer:

Price elasticity of demand, P_{ED} = 1.63

Explanation:

We know,

Price elasticity of demand, P_{ED} = \frac{Percentage change in Quantity Demanded}{Percentage change in prices}

We will be using mid-point method to calculate the price elasticity.

Here,

Percentage change in Quantity demanded = \frac{Q_{1} - Q_{0}}{\frac{Q_{1} + Q_{0}}{2}} × 100

or, Percentage change in Quantity demanded = \frac{26,000 - 10,000}{\frac{26,000 + 10,000}{2}} × 100

Therefore, % change in Quantity demanded = \frac{16,000}{18,000} × 100 = 88.89%

Again,

Percentage change in price = \frac{P_{1} - P_{0}}{\frac{P_{1} + P_{0}}{2}} × 100

or, Percentage change in price = \frac{1.00 - 1.75}{\frac{1.00 + 1.75}{2}} × 100

Therefore, Percentage change in price = \frac{-0.75}{1.375} × 100 = - 54.55%

Therefore, Price elasticity of demand, P_{ED} = 88.89% ÷ (- 54.55%) = 1.63

We know, price elasticity is always positive. Therefore, we have to give an absolute value for price elasticity.

5 0
3 years ago
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