A Chart of Accounts Usually Starts with

question 77

Multiple Choice

A chart of accounts usually starts with

• A) asset accounts.
• B) expense accounts.
• C) liability accounts.
• D) revenue accounts.

Understand the principles of Just-In-Time (JIT) and how it applies to services.

Distinguish between lean operations and the Toyota Production System (TPS).

Calculate the optimal kanban size and number of kanbans for various scenarios.

Analyze the impact of setup cost and time on production planning.

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Definitions:

Self-Directed Work Teams

Groups of employees who work together without traditional managerial supervision to achieve specified goals and objectives.

Ownership

Ownership is the legal right or title to an asset or property, giving the owner control over its use and disposition.