Which of the following statements is correct about planning a successful conversion to Lean/Just-in-time operations. Multiple choice question. Management and employees must be convinced of benefit and receive training prior to conversion to avoid obstacles. Conversion should be accomplished quickly, not gradually, to realize the maximum benefit. When converting a production line, begin at the start and progress to the end of the line. Vendors should be converted to JIT delivering first, before implementing in the Buyer's organization.

Answers

Answer 1

Answer:

Management and employees must be convinced of benefit and receive training prior to conversion to avoid obstacles.

Explanation:

A lean business is a business concept used by organizations to eliminate waste and maximize value for growth and development. The lean business concept include the following;

I. A total quality management (TQM): it is a management framework that is focused on achieving long-term success through the satisfaction of your customers by the efforts of all the member of staff in an organization.

II. A continuous improvement (CI): it is a management technique that is focused on improving manufacturing processes, products and services through the elimination of redundancy and time-wasting activities in an organization.

III. Just-in-time (JIT): it is a management framework that is focused on cutting manufacturing costs and increase efficiency between suppliers and consumers through the use of a proper inventory system.

Additionally, lean production is a manufacturing methodology that is focused on integrating activities that are designed to provide massive quantity with high quality production using minimal resources, raw materials, finished products and work-in-process features.

This ultimately implies that, lean production is basically a supply management process aimed at elimination of waste as much as possible and it requires a mutual agreement between the management and employees, as well as proper training of the employees (workers) before implementing the conversion.

Hence, the statement which is correct about planning a successful conversion to Lean/Just-in-time operations is that both management and employees must be convinced of benefit and receive training prior to conversion to avoid obstacles.


Related Questions

Define general banking services offered by financial institutions

Answers

The services most often provided include a variety of checking accounts, saving accounts, certificates of deposit, and loans, including car loans and home mortgages. Additional services may include safe deposit boxes and investment-related services.

On January 1, Year 1, Can Corporation distributed Sec. 1231 land with a market value of $300,000 and an adjusted basis of $205,000 under a plan of partial liquidation under the Sec. 302(b)(4) rules. The distribution was made to individual shareholder Clem, who had owned 40% of Can since it was founded. Clem’s stock interest redeemed in the partial liquidation had a basis of $140,000. What are the amount and the character of gain/loss that Can should recognize on the distribution?

Answers

Answer:

1231 gain of $95,000

Explanation:

Calculation to determine the amount and the character of gain/loss that Can should recognize on the distribution

Using this formula

Amount of gain/loss =Market value of land -Adjusted basis

Let plug in the formula

Amount of gain/loss= ($300,000 - $205,000).

Amount of gain/loss=1231 gain of $95,000

Therefore the amount and the character of gain/loss that Can should recognize on the distribution will be 1231 gain of the amount of $95,000

Which plan would most likely NOT help you reach the savings needed for college? ​

Answers

D. Start saving about two months before college begins

Which type of account is also a type of loan, which the customer has access to for a set amount of time?

Answers

Answer:

Bank overdraft

Explanation:

Bank overdraft is a short term loan which need to repay within a certain period of time, less than a year

Whether speech is going to be delivered before one or one hundred people, the speaker should:
a.
Concentrate on getting everything out quickly
b.
Imitate the mannerisms of great speakers
c.
Prepare their thoughts in advance
d.
Use their biggest vocabulary to sound educated

Answers

Answer:

C). Prepare their thoughts in advance.

Explanation:

A speaker aims to serve a specific purpose through his/her speech(to inform, to entertain, to convince, to motivate, etc.). In order to serve this purpose effectively by the end of the speech, it is very crucial to 'prepare the thoughts that the speaker wishes to convey in advance' as it helps him/her in organizing the thoughts in a logical order to ensure its efficacy. It also assists in analyzing whether the thoughts get along with each other and also keeps room for creativity which can enhance its impact and make the purpose more successful. Thus, be it one or one hundred people, it is important for a speech to be prepared in advance and hence, option C is the correct answer.

Answer:

C). Prepare their thoughts in advance.

Explanation:

e d g e

Match the action needed to increase profits with the reason a business might fail.
Setting a realistic budget for the company to follow would match with________.

A) bad location

B) poor management

C) Competition

D) finances

Answers

D) finances
Thats how they make money without over pricing items

Answer:

D

Explanation:

finances

employees rarely arrive and leave exactly on the quarter hour so it would make sense to round employee arrival times to the nearest quarter hour?
A. False
B. True
Please be right

Answers

false !!!!!!!!!!!!!!!!!
it is false for sure

Which option should be used to commit a record in an Access table?

Press Esc.
Select Undo.
Press Ctrl+Z.
Move to a new record.

EDGE

Answers

Answer:

D)Move to a new record.

Explanation:

this is what I narrowed it sown to

edg 2021

Answer:

the answer is D

Explanation:

edge 2022

Threadless (Strategy Highlight 5.2.) is a community-centered online apparel store that leverages user-generated content. The idea is to turn consumers into prosumers, a hybrid between producers and consumers. Members of the Threadless community do most of the work, which they consider fun: They submit T-shirt designs online, and community members vote on which designs they like best. The designs receiving the most votes are put in production, printed, and sold online. It can be said that Threadless uses the _____ technique.

Answers

Answer: Crowdsourcing Technique

Explanation:

The crowdsourcing technique is a technique that seeks information, opinions and ideas from a group of people who belong to a particular target market.

Like the name implies, it is usually done by engaging a “crowd” to source for ideas, and information for a particular project or goal.

Crowdsourcing aims to reduce cost while gaining insight into the intelligence and creativity of the target market.

Like the Threadless community, the target market may be unaware of the work they are putting in but they get the desired product at the end so they see crowdsourcing as fun and satisfying.

what are some good outdoor thing to do outside for the summer
list as many as can

Answers

Answer:

biking

swimming

walking

learning something new

being with friends

sports

hiking

going on a trip

making something

How should the headings of a resume be formatted so that they are clear and easy to find?
a. bold and italicized
b. capitalized and bold
c. underlined and italicized
d. capitalized and underlined

Answers

Answer: Capitalized and bold

Answer:

B. capitalized and bold

Explanation:

Please mark my answer as the Brainiest!!!

Got it correct on Edge.

All of the following shift the demand curve for automobiles to the right except:
a. the local factory gives a big raise to its employees
b. a brand new automobile dealership opens in town
c. the price of gasoline falls
d. none of the above​

Answers

Answer:

b. a brand new automobile dealership opens in town

Explanation:

All of the following shift the demand curve for automobiles to the right except: "a brand new automobile dealership opens in town."

The above statement is true because when a shift in the demand curve moves to the right, there is an increase in the quantity demanded, which can be caused by some factors such as:

increase in income,

growth in the price of a substitute or decrease in the price of a complement.

Hence, considering the available options in the question, the correct answer is " a brand new automobile dealership opens in town."

Periodic vs.Perpetual Inventory Accounting Multiple Choice Periodic Inventory Accounting results in a higher Cost of Goods Sold than Perpetual Inventory Accounting Sometimes Periodic Inventory Accounting results in a lower Cost of Goods Sold than Perpetual Inventory Accounting and sometimes Periodic Inventory Accounting results in a higher Cost of Goods Sold than Perpetual Inventory Accounting Periodic Inventory Accounting results in a lower Cost of Goods Sold than Perpetual Inventory Accounting Periodic and Perpetual Inventory Accounting result in the same Cost of Goods Sold

Answers

Answer:

Periodic and Perpetual Inventory Accounting result in the same Cost of Goods Sold.

Explanation:

A periodic system of inventory can be defined as a method of financial accounting, that typically involves updating informations about an inventory on a periodic basis (at specific intervals) as the sales or purchases are being made by the customers, through the use of either an enterprise management software applications or a digitized point-of-sale equipment.

A perpetual inventory system is a type of inventory management that continuously records in real-time the amount of inventory sold or purchased through the use of enterprise software or technological software applications such as a point of sale (POS).

Under a perpetual system of inventory, updates of the journal entry for cost of goods sold or received would include debiting accounts receivable and crediting sales immediately as it is being made or happening. The advantage of the perpetual system of inventory over the periodic system of inventory is that, it ensures the inventory account balance is always accurate provided there are no spoilage, theft etc. Also, the periodic system of inventory is a function of the cost of goods sold.

Hence, both Periodic and Perpetual Inventory Accounting result in the same Cost of Goods Sold.

_ is also known as coolant and is found in liquid-cooled engines.

Answers

Answer:

anti freeze or water

Explanation:

could be either one just depends on the context

Although today’s Modern economy looks much different compared to our earlier Colonial and Civil War-era economies, what similarities do you still see in terms of trade partners, use of environmental resources, government regulation, and type of goods/products sold?

Answers

The correct answer to this open question is the following.

Although there are no options attached we can say the following.

Although today’s Modern economy looks much different compared to our earlier Colonial and Civil War-era economies, the similarities I still see in terms of trade partners, use of environmental resources, government regulation, and type of goods/products sold are the following.

Businesses are still business no matter the time in history. They are created to make profits.

Businessmen are greedy most of the time, like in the past. Any other consideration that does not directly affect the balance sheet or the bottom line, is not considered a priority and takes the back seat when business decisions are made.

This can be shown in politics, in the economy, and in business. Of course, this can be seen in trade and in foreign affairs.

Social costs should be important but are more on the side of the ethics of the managers or leaders of the organizations. And ethics and moral values are not a prominent thing to be considered in the decision-making process of modern corporations.

To this day, businesses are driven by money, power, and control, and these have been teh causes of major differences between companies, states, individuals, and countries.

The Corbit Corp. sold merchandise for $10,000 cash. The cost of the goods sold was $7,590. The journal entries to record this transaction under the perpetual inventory system would be

a.

Cash 10,000
Sales 10,000
Cost of Goods Sold 7,590
Inventory 7,590
b.

Cash 7,590
Sales 7,590
Cost of Goods Sold 7,590
Inventory 7,590
c.

Cash 10,000
Sales 10,000
Cost of Goods Sold 10,000
Inventory 10,000
d.

Cash 10,000
Inventory 10,000
Cost of Goods Sold 7,590
Sales 7,590

Answers

Answer:

a. Cash 10,000

Sales 10,000

Cost of Goods Sold 7,590

Inventory 7,590

Explanation:

Based on the information given if the company

sold merchandise for the amount of $10,000 cash in which The cost of the merchandise sold was the amount of $7,590. The appropriate journal entries to record this transaction under the perpetual inventory system would be to Debit Cash for $10,000; Credit Sales for $10,000 and to Dr Cost of Goods Sold for $7,590; Credit Inventory for $7,590.

Dr Cash 10,000

Cr Sales 10,000

Dr Cost of Goods Sold 7,590

Cr Inventory 7,590

The single greatest benefit that capitalism provides is that it enables human choice. Capitalism establishes a social contract that makes it possible for individuals to exercise their franchise and free agency. It gives people the ability to be secure in themselves and their possessions and, having provided security, it enables people to assume risk that they were previously unwilling to assume. It creates the necessary conditions for people to escape poverty and create wealth for themselves and for others. Read a quotation by Roger Butters, a twenty-first-century economist. Both Adam Smith and Butters would agree that capitalism allows the government to help individuals. protects workers from unfair practices. provides individuals with freedom of choice. helps entrepreneurs avoid risk and danger.

Answers

Answer:

provides individuals with freedom of choice.

Explanation:

Adam Smith

is a renowned Scottish economist who wrote "The Wealth of Nations"and established the foundation principles of capitalism.

Capitalism

Is simply defined as an economic system that uses on open competition in a free market, whereby individuals and companies own the means of production and operate for profit.

It gives room for individuals and private businesses to decide most of economic matters. It has led to the development of mercantilism, international trade, rise of the middle class and others.

Benefits of capitalism includes individual freedom is closely related to economic freedom, market economies produce a huge variety of goods and others.

Answer:

The person above me is correct, I just took the test

Explanation:

Trust.

William is a 38-year-old computer systems executive. He has come to a point in his life where he is reassessing his ambitions and personal life. He attends professional development conferences regularly and is working on an MBA. Although he eats a low-fat diet and exercises regularly, he works 70-80 hours a week, seldom sees his children except after they are in bed, does not visit his place of worship except on religious holidays, and feels as though his wife is a stranger. William believes that if he can earn just 20 percent more, he can relax because his family will be financially secure.
Refer to Case 17.1. In order to attain a "right livelihood," William needs to
A. get promoted so he can delegate more of his work.
B. lose weight and get in better shape.
C. de-emphasize the spiritual side of his life.
D. make a conscious choice to do so.

Answers

Answer: D. make a conscious choice to do so

Explanation:

Based on the information given, in order to attain a "right livelihood," William needs to make a conscious choice to do so.

Option A is wrong as getting promoted so he can delegate more of his work doesn't guarantee him that he'll relax more and enjoy right livelihood. When he's promoted, he'll have more work and this means that there'll be more responsibility. This will hinder him from enjoying right livelihood.

Option B and C are wrong as well as losing weight and getting in better shape and also de-emphasize the spiritual side of his life doesn't make one enjoy right livelihood.

Option D is the correct answer as he should make a conscious choice to attain the right livelihood and have enough rest that he desires.

Imagine that you earned $14,425 in one year. If the government enforces a
15% income tax, how much money would you owe in taxes at the end of the
year? Show your work.

Answers

Answer:

you would owe 2163.75 in taxes

Explanation:

Answer:

$2,163.75

Explanation:

The way to solve this multiply 14425 by the decimal form of 15%.

You always move it two to the left.

So 0.15

Then multiply

14425 • 0.15

2163.75

So you would owe $2,163.75

Hope this helps

1. Prepare adjusting journal entries, as needed, considering the account balances excerpted from the unadjusted trial balance and the adjustment data. A. Supplies actual count at year end, $6,500 B. Remaining unexpired insurance, $6,000 C. Remaining unearned service revenue, $1,200 D. Salaries owed to employees, $2,400 E. Depreciation on property plant and equipment, $18,000

Answers

Answer and Explanation:

The adjusting entries are shown below"

A. Supplies Expense $1,000 ($7,500 - $6,500)

          To Supplies  $1,000

(Being the Supplies Expense is adjusted)  

B. Insurance Expense $18,000 ($24,000 - $6,000)

      To Prepaid Insurance  $18,000

(Being  Insurance Expense is adjusted)  

C. Unearned Service Revenue $1,800 ($3,000 - $1,200)

        To Service Revenue  $1,800

(Being Service Revenue is adjusted)  

D. Salaries Expense $2,400  

          To Salaries Payable  $2,400

(being Salaries Expense is adjusted)  

E. Depreciation Expense $18,000  

       To Accumulated Depreciation-  Property Plant and Equipment  $18,000

(Being Depreciation Expense is adjusted)  

Generational accounting: Select one: a. is a method of assessing the impact of fiscal policy lags from one generation to another. b. measures the number of generations it takes to pay off the national debt at a given point in time. c. evaluates the impact of current fiscal policies on different generations in the economy, including future generations. d. is an accounting method that defers to the future, the cost of any government policy the rewards of which will be reaped in the future.

Answers

Answer:

c. evaluates the impact of current fiscal policies on different generations in the economy, including future generations.

Explanation:

Generational accounting would be classified as a forecasting method that deals how the present fiscal policies would affect the future generations.

Also at the same time it would evaluate the affect related to the present fiscal policies for various generations in the economy

Therefore the option c is correct

And, the rest of the options would be incorrect

why is Africa called plateaus of plateu?​

Answers

Answer:

Africa is called the plateau continent because almost the entire continent is raised above sea level and drops sharply off at the coast.

Explanation:

sana makatulong ❤❤

Answer:

continent because almost the entire continent is raised above sea level and drops sharply off at the coast.

Explanation:

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