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DerKrebs [107]
3 years ago
5

The following statement is TRUE about Lean A. Lean will cost a lot of money to introduce in an organization. B. Lean can only be

applied in certain types of businesses. C. Just-In-Time is when parts/supplies arrive at the last possible moment. D. Lean is all about cost-cutting and results in much of the workforce getting fired. E. When we remove waste from a process, we are left with value-added activities. This enables us to produce more in less time while actually doing the value-added work slower.
Business
1 answer:
loris [4]3 years ago
4 0

Lean manufacturing is basically a production method with major aim of reducing times within the system and response times from suppliers or customers.

Some of the advantage of Lean management includes:

  • It help eliminates waste
  • Its results to worker Satisfaction. ...
  • Its encourage Just in Time practice
  • Its helps gain competitive advantage

Therefore, Lean management encourages Just-In-Time practice where parts/supplies arrive at the last possible moment, helps to remove waste from a process and enables production of more in less time

In conclusion, Option C, E and F is correct and includes statement that is true about Lean management

Learn more about Lean Management here

<em>brainly.com/question/24917186</em>

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A company's Inventory balance at 12/31/16 was $188,000 and $200,000 at 12/31/15. Its Accounts Payable balance at 12/31/16 was $8
slava [35]

Answer:

3) $704,000

Explanation:

The procedure will be as follow:

Based on the company's inventory we will determinate the purchases.

And then, with the account payable balance, the cash payment

<u>First, purchases amount:</u>

beginning inventory + purchase = ending inventory + COGS

200,000 + purchase = 188,000 + 720,000

<em>purchases</em> = 720,000 + 188,000 - 200,000 = 708,000

<u>Now, we solve for payment to suppliers</u>

begging AP + purchase - payment = ending

80,000 + 708,000 - payment = 84,000

payment = 80,000 + 708,000 - 84,000

payment= 704,000

8 0
3 years ago
Suppose there is an increase in the number of buyers of cars and an increase in the cost of manufacturing cars. The basic graphi
xenn [34]

Option C. Suppose there is an increase in the number of buyers of cars and an increase in the cost of manufacturing cars. The basic graphing model of supply and demand predicts:  the equilibrium price of cars will increase, but the impact on the equilibrium quantity of cars cannot be determined without additional information

<h3>What is demand?</h3>

This is the term that is used to refer to the number of people that are willing to buy a product at a given wage rate.

When there is a rise in the demand of cars, there would be a rise in rhe equilibrium price of the cars.

Complete question

Suppose there is an increase in the number of buyers of cars and an increase in the cost of manufacturing cars. The basic graphing model of supply and demand predicts:

A. The equilibrium, quantity of cars will decrease, but the impact on the equilibrium price of cars cannot be determined without additional information

B. The equilibrium quantity of cars will increase, but the impact on the equilibrium price of cars cannot be determined without additional information.

C. the equilibrium price of cars will increase, but the impact on the equilibrium quantity of cars cannot be determined without additional information

D. the equilibrium price of cars will decrease, but the impact on the equilibrium quantity of cars cannot be determined without additional information

Read more on demand here:

brainly.com/question/516635

#SPJ1

5 0
2 years ago
When Lofonift Inc. introduced its flagship product, an MP3 player, it captured the MP3 player market by offering its product at
mestny [16]

Answer:

Predatory pricing.

Explanation:

When Lofonift Inc. introduced its flagship product, an MP3 player, it captured the MP3 player market by offering its product at the lowest price in the market. This gradually forced many of its competitors out of business. Once its competitors were out of business, Lofonift Inc. raised its prices. In this scenario, Lofonift Inc. most likely indulged in predatory pricing.

Predatory pricing is a strategy used by some business owners to reduce the cost of a particular commodity or item to the lowest possible amount such that the available competitors will be driven out of business.

8 0
3 years ago
When the Lego Movie was released to movie​ theaters, the intent was not necessarily to sell more​ Legos, but the firm did ha
Harman [31]

Answer:

The correct answer is the option B: branded.

Explanation:

To begin with, the term of <em>branded content</em>, in the field of marketing, refers to the practice that focuses in the creation of multimedia content that is funded or outright produced by and advertiser and whose main purpose is to give a message of the values of the company in the content created.

Secondly, the case of Lego is an example of branded content due to the fact that the company did not want to sell more products but instead <u>wanted to create a content that shows the values of the company such as imagination, being oneself and having fun</u>.

3 0
4 years ago
Production Budget
Yakvenalex [24]

Answer:

Stillwater Designs

<u>Production Budget for S12L7 </u>

For the Year Ended December 31, 20X1

                                                     1st Qtr.       2nd Qtr.      3rd Qtr.      4th Qtr.

Sales                                              1,120           3,080         7,840          6,440

Desired ending inventory              616            1,568          1,228            252

Total needs                                   1,736           4,648         9,068          6,692

Less: Beginning inventory             (340)          (616)          (1,568)         (1,228)

Units produced                           1,396            4,032        7,500           5,464

Stillwater Designs

<u>Production Budget for S12L5 </u>

For the Year Ended December 31, 20X1

1,680

                                                    1st Qtr.         2nd Qtr.      3rd Qtr.       4th Qtr.

Sales                                              1,820            1,960          7,420           5,460

Desired ending inventory               588           2,220           1,638              504  

Total needs                                   2,408           4,180            9,058          5,964

Less: Beginning inventory              (170)              (588)          (2,220)        (1,638)

Units produced                            2,238           3,592            6,838         4,326

Explanation:

Production Budget shows the quantities of finished goods that must be produced to meet expected sells plus any increase of inventory levels that might be required.

8 0
4 years ago
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