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3 years ago

To be Lean means:

Business

1 answer:

kompoz [17]3 years ago

5 0

Answer:

d. to reduce or eliminate waste from the system

Explanation:

Lean refers in business to generating more benefits to your clients using less resources and a company using lean principles tries to eliminate all the unecessary things that doesn't add value which are considered waste and increase its efficiency. According to this, the answer is that to be lean means to reduce or eliminate waste from the system.

The other options are not right because Agile and Lean are different methodologies and Lean helps to generate cost reductions that can create economies of scale. Also, to be lean it doesn't matter if you move quickly or slow as long as you eliminate the waste to give more value to customers.

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For a given product, the optimal order quantity is 600 units, average annual demand is 12,000 units, the average lead time is 1

sashaice [31]

Answer:

700 units

Explanation:

No of orders per year=annual demand/optimal order quantity

No of orders per year=12,000/600=20

Average orders per month=20/11=1.75

Average Inventory=1.75*400=700

Please note that 11 months are taken as 1 month is lead time therefore it is excluded for per month orders.

8 0

3 years ago

Because the slope of the production function becomes flatter as more capital is added, the marginal product of capital is

allochka39001 [22]

As the slope of the production function becomes flatter as more capital is added, the marginal product of capital is "decreasing".

<h3>What is marginal product of capital?</h3>

The extra output that emerges from adding one unit of capital typically cash is known as the marginal product of capital.

This statistic frequently applies to start-up businesses that depend on private financing to get off the ground. The increased output brought on by adding a worker is known as the marginal product of labour.

Diminishing marginal returns, the marginal product that starts to decline, is an indicator of this phenomenon.
The value that these additional units offer to the organisation, in terms of output generated, starts to diminish because there aren't enough workers to operate with the extra equipment.

To know more about the importance of marginal product, here

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7 0

2 years ago

April has joined a team with members from the sales, customer service, and

Nataly_w [17]

Answer:cross-functional team

Explanation:

5 0

4 years ago

Portions of the financial statements for Software Associates are provided below. SOFTWARE ASSOCIATES Income Statement For the ye

charle [14.2K]

Answer:

Explanation:

The preparation of the Cash Flows from Operating Activities—Indirect Method is shown below:

Cash flow from Operating activities - Indirect method

Net income $78,000

Adjustment made:

Add : Depreciation expense $33,000

Add: Decrease in accounts receivable $10,000

Add: Decrease in inventory $13,000

Add: Increase in accounts payable $7,000

Less: Decrease in salaries payable -$4,000

Add: Increase in income tax payable $8,000

Less: Increase in prepaid rent -$3,000

Total of Adjustments $64,000

Net Cash flow from Operating activities $142,000

7 0

3 years ago

Under the gold standard of currency exchange that existed from 1879 to 1914, an ounce of gold cost $20.67 in U.S. dollars and £4

Elena-2011 [213]

Answer:

The answer is £0.2055/$

Explanation:

Exchange rate is the price of one currency in terms of another. It is also the number of units of one currency(price currency) that one unit of another currency(base currency) will buy.

In US, an ounce of gold = $20.67

In british, it costs £4.2474

Therefore, exchange rate of pounds per dollar =

£4.2474/$20.67

=£0.2055/$

8 0

3 years ago