Continuous Improvement with JIT Systems

question 81

Multiple Choice

Continuous improvement with JIT systems

• A) entails systematically stressing the system and focusing on problem areas.
• B) requires periodically increasing lot sizes or workforce levels to uncover problems.
• C) involves navigating a ship over treacherous rocks.
• D) focuses exclusively on internal operations because relationships with customers and suppliers are addressed by the logistics department.

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Definitions:

Asset Account

An account on a balance sheet representing resources owned by a company with future economic value.

Debited

An accounting entry that increases an asset or expense account, or decreases a liability or equity account.

Write Checks

The process of creating checks from a business account to pay for company expenses.

Bill Paying

The process of settling invoices or bills owed to suppliers or creditors, typically involving the outflow of cash from an entity's bank account.