'Value' in Lean Accounting Is Defined Through the Eyes of the Customer

question 31

True/False

'Value' in lean accounting is defined through the eyes of the customer.

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Definitions:

Cent

The smallest denomination of many currencies, representing 1/100th of the currency's main unit.

Percent

A ratio or fraction calculated out of 100, used to indicate portions of a whole.

Percent

A rate, number, or amount in each hundred; a fraction of a whole expressed in hundredths.

Billion Dollars

Billion Dollars represents a sum of one thousand million dollars, often used to describe the scale of government budgets or large company values.