The following statement is TRUE about Lean A. Lean means forcing people to work faster and harder with fewer resources. B. Lean is about improving processes. All businesses have processes, so all businesses can improve and benefit from adopting lean. 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. Lean will cost a lot of money to introduce in an organization.

You are in the market for a new refrigerator for your company’s lounge, and you have narrowed the search down to two models. the energy efficient model sells for $700 and will save you $45 at the end of each of the next five years in electricity costs. the standard model has features similar to the energy efficient model but provides no future saving in electricity costs. it is priced at only $500. assuming your opportunity cost of funds is 6 percent, which refrigerator should you purchase

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As task uncertainty and interdependence increase, are a more effective coordination mechanism than