The First Step in TOC Methodology Is To

question 38

Multiple Choice

The first step in TOC methodology is to:

• A)Identify the constraint.
• B)Exploit the constraint.
• C)Subordinate the system to the constraint.
• D)Elevate the constraint.

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Definitions:

Journal

A record where all financial transactions of a business are initially noted before they are transferred to ledger accounts.

Ledger

A comprehensive collection of a company's accounts, documenting all transactions and financial results.

Chart of Accounts

An organized list of all accounts in the general ledger of a company, each with a unique account number, used for recording transactions and preparing financial statements.

Book of Original Entry

A preliminary accounting record where transactions are first recorded; also known as a journal.