Accounting for Lean Operations Requires Fewer Transactions Because

question 12

Multiple Choice

Accounting for lean operations requires fewer transactions because

• A)large batches of inventory are combined into a smaller number of transactions
• B)costs are accumulated in one department and then transferred to the next department
• C)combined materials and conversion costs are transferred to finished goods
• D)costs are transferred from department to department allowing for better control of costs

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Definitions:

Triglycerides

A type of fat (lipid) found in your blood, made up of a glycerol molecule attached to three fatty acids, used by the body for energy or stored as fat.

Phospholipids

A class of lipids that are a major component of all cell membranes; they form bilayers that function as barriers to ions and molecules.

Macromolecule

Large molecules necessary for life, including proteins, nucleic acids, carbohydrates, and lipids.

Compound

A substance formed from two or more elements chemically united in fixed proportions.