Question

1) Which of the following is the Pareto principle?

The majority of problems can be explained by one root cause.

The majority of problems can be explained by a few root causes.

The majority of problems can be explained by a many root causes.

The majority of problems can be explained by many symptoms.

The majority of problems can be explained by a few symptoms.

2) Which of the following statements about Kanban are accurate?  

a.Deploying the Kanban system leads to pulling work through the system instead of pushing work.

b.Deploying the Kanban system leads to pushing work through the system instead of pulling work.

c.The Kanban system controls the work-in-process inventory.

d.Kanban will always reduce the amount of inventory in the process.

e..Kanban requires cross-training all workers.

f.A and B

g.A and C

h.A and D

Answer 1

1) Which of the following is the Pareto principle?

Answer: Option (B) - The majority of problems can be explained by a few root causes.

Explanation: Vilfredo Pareto’s 80-20 rule is referred to as Pareto principle. It states that the 80% of the problems are because of 20% of the causes. If these few root causes can be identified and eliminated, it can solve the majority of the problems. Pareto principle is widely implemented in various aspects of business operations. One example is the sales philosophy of many organisations that says 80% of their revenue comes from 20% of their loyal or high value / volume customers.

2) Which of the following statements about Kanban are accurate?

Answer: Option (G) - Both (A) and (C) are correct.

Explanation: When talking about Kanban, both the statements (A) and (C) are correct. Deploying the Kanban system leads to pulling work through the system instead of pushing work. Also, the Kanban system controls the work-in-process inventory.