The Document Used by the Lean Control System That Compares

question 43

Multiple Choice

The document used by the lean control system that compares operational, capacity, and financial metrics with prior week performances and with a future desired state is called:

• A)balanced scorecard
• B)profit analysis worksheet
• C)box scorecard
• D)performance improvement plan

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Definitions:

Depreciation Expense

The allocation of the cost of an asset over its useful life to account for declines in value over time.

Double-declining-balance

An accelerated depreciation method that doubles the normal depreciation rate.

Salvage Value

The estimated residual value of an asset at the end of its useful life, representing what it could potentially be sold for or scrapped.

Book Value

The net value of a company's assets minus its liabilities and intangible assets, often used to determine a company's actual value.