Which of the Following Is a Reason Traditional Costing Approaches

question 13

Multiple Choice

Which of the following is a reason traditional costing approaches may NOT work in a lean manufacturing environment?

• A)Standard costing variances encourage overproduction.
• B)Distorted product costs may conceal the outcome of success of a lean system.
• C)Traditional operational controls work against demand-pull systems.
• D)all of the above.

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Definitions:

Anchor Statement

A clear, concise statement used to convey the main idea or goal of a project, anchoring all work and decisions to this central concept.

Project Evaluation Process

A systematic method used to assess the performance and relevance of a project, usually considering factors like efficiency, effectiveness, impact, and sustainability.

Selection Criteria

The standards or requirements used to evaluate and choose among alternatives, such as hiring employees or selecting projects.

Communication

The exchange of information or news between people through speaking, writing, or using some other medium.