21The use of Lean Six Sigma has ______. aincreased complacency in the workplace bcreated an organizational climate in which innovation has become instinctive ccreated a hostile work environment deliminated the need for ISO standards 22Safety stock ______. ais the minimal level of inventory that a company seeks to maintain a buffer against the mismatch between forecasted and actual demand bis the level of finished products that a company maintains to take advantage of demand in new markets cis the level of finished products that a company maintains to ensure it is safe from government inspection dis the level of finished products that a company needs to manufacture to ensure the price is protected from increase or decrease 24Major categories of inventory-related costs include ______. acost of defective raw materials bholding or carrying costs ccost of government audits dcost of holding the wrong products

Six Sigma can be defined as the methodology of quality control which helps to detect errors or…

Answered: 21 The use of Lean Six Sigma has…

Practical Management Science

6th Edition

ISBN:9781337406659

Author:WINSTON, Wayne L.

Publisher:WINSTON, Wayne L.

Chapter2: Introduction To Spreadsheet Modeling

Section: Chapter Questions

Problem 20P: Julie James is opening a lemonade stand. She believes the fixed cost per week of running the stand...

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21	The use of Lean Six Sigma has ______.
a	increased complacency in the workplace
b	created an organizational climate in which innovation has become instinctive
c	created a hostile work environment
d	eliminated the need for ISO standards

22	Safety stock ______.
a	is the minimal level of inventory that a company seeks to maintain a buffer against the mismatch between forecasted and actual demand
b	is the level of finished products that a company maintains to take advantage of demand in new markets
c	is the level of finished products that a company maintains to ensure it is safe from government inspection
d	is the level of finished products that a company needs to manufacture to ensure the price is protected from increase or decrease

24	Major categories of inventory-related costs include ______.
a	cost of defective raw materials
b	holding or carrying costs
c	cost of government audits
d	cost of holding the wrong products

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