Lean Accounting Measures

question 119

Multiple Choice

Lean accounting measures

• A) are good measures of managerial effectiveness
• B) clearly show whether an employee is doing the job correctly
• C) like WIP to SWIP are stale and uninformative
• D) should not be sues to evaluate manager or employee performance

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Definitions:

Strategic Planning

The development of a long-range course of action to achieve business goals.

Transfer Pricing

The pricing of goods, services, or intangible property transferred within divisions of the same company, which can impact taxation and profit allocation.

Division Manager

A managerial position responsible for overseeing a specific division within a company, making key decisions related to that segment's operation.

Overall Company Income

The total earnings generated by a company, encompassing all sources of income before deductions or taxes.