If a Bookkeeper Mistakenly Recorded a Payment as $83 Instead

question 45

Multiple Choice

If a bookkeeper mistakenly recorded a payment as $83 instead of the correct amount of $38, the error would be shown on the bank reconciliation as a:

• A)$45 addition to the book balance.
• B)$45 deduction from the book balance.
• C)$45 deduction from the bank balance.
• D)$45 addition to the bank balance.

Identify the application of lean practices to service industries and administrative processes.

Understand the principles and objectives of lean manufacturing.

Recognize the differences between lean and traditional manufacturing environments.

Identify the key elements of lean manufacturing such as inventory reduction, quality improvement, and setup time reduction.

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Definitions:

Heterogeneous

Composed of parts of different kinds; having widely dissimilar elements or constituents.

Performing Stage

The final stage of team development in which the team operates as a cohesive unit, focusing on problem-solving and effectively achieving its goals.

Team Roles

Specific functions or responsibilities assigned to individuals within a team, based on their skills and strengths, to enhance team performance.

Prescribed

Directed or authorized by guidelines, rules, or regulations.