Questions: Resources that produce little-to-no value to the organization, such as non-utilized talent, inventory miscalculations, and staff members waiting for information so they can do their jobs, is known as waste, which must be reduced, if not eliminated, in a lean managed organization. value measured improvements waste benchmarking

The answer is the third one (or C): waste.

Explanation for each option:

1. Value: This refers to the worth or usefulness of something. In the context of lean management, value is what the customer is willing to pay for. Resources that produce little-to-no value are not considered value themselves.
2. Measured improvements: This refers to the quantifiable enhancements made to processes or systems. While important in lean management, it does not describe resources that produce little-to-no value.
3. Waste: In lean management, waste refers to any activity or resource that does not add value to the customer. This includes non-utilized talent, inventory miscalculations, and staff members waiting for information. Reducing or eliminating waste is a key principle in lean management.
4. Benchmarking: This is the process of comparing one's business processes and performance metrics to industry bests or best practices from other companies. It is not related to resources that produce little-to-no value.

Summary: In a lean managed organization, resources that produce little-to-no value, such as non-utilized talent, inventory miscalculations, and staff members waiting for information, are known as waste, which must be reduced, if not eliminated.