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:

Binding

In legal terms, describing an agreement or contract that is legally enforceable by law.

Theory Z

A management philosophy that stresses employee participation in all aspects of company decision making.