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svlad2 [7]
2 years ago
4

2. Explain how lean manufacturing improves the economy’s efficiency in allocation.

Business
1 answer:
ella [17]2 years ago
6 0

<u>Answer:</u>

<em>Lean assembling is the capacity of an organization to supply individualized purchaser merchandise rapidly and effectively with little edge for blunder. </em>

<u>Explanation:</u>

It includes a <em>group of representatives and administrators </em>who can settle on definitive viable choices that will ceaselessly build <em>creation proficiency and consumer loyalty. </em>

The absolute most significant explanation <em>behind an organization </em>to change over to lean assembling is the acknowledgement that, as recently expressed, producing is in fact an<em> assistance industry.</em>

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Answer:

48.65%

Explanation:

Since the average time it takes car drivers to fill their tanks is exponentially distributed at 7.5 minutes, we can elaborate an exponential formula to calculate the number of times a gas tank can be filled in a certain period of time:

e⁻ˣ/ⁿ

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  • x = 5 minutes
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= 2.718⁻⁵/⁷°⁵ = 0.5134

now, the probability that a driver can fill his/her tank in less than 5 minutes = 1 - 0.5134 = 0.4865 or 48.65%

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2 years ago
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2 years ago
37. Wal-Mart surveys its employees annually as part of its "Grass Roots" program. The survey is designed to assess employees’ pe
harina [27]

Answer: Yes it is.

Explanation:

The National Labour Relations Act of 1935 was passed to cater for both employees and employers. It gave both parties rights and advocates for Collective bargaining. Perhaps most key about this act is it's protection of the rights of employees to join unions and be able to engage in Union activities to improve their working condition.

Under this Act, it is illegal to terminate, suspend or take any other adverse action against an employee for their union actions.

It is under this last paragraph that this question falls.

If Wal-Mart had acted in anyway adverse towards employees based on the Unresolved People Index (UPI) alone, then their actions would have been illegal. They did not, so they are operating in legal territory.

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Bill Phillips is developing a Monte Carlo simulation to value a complex and thinly traded security. Phillips wants to model one
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Answer: Both of them

Explanation:

The Monte Carlo Simulation is a forecasting technique that allows one to find out the probability of occurence of different outcomes which may be difficult to come up with because there are multiple random variables involved.

Monte Carlo simulations are used in many diverse fields such as Finance, Engineering and Science.

As earlier mentioned, this simulation allows for multiple random variables so Phillips can use it to model both the variables to have different characteristics.

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Honest Tea makes sure consumers understand that it is the organic ingredients that truly differentiate their product from others
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Answer:

The correct answer is Transparency.

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