"Brand Management" and "Lean Production Systems" Were Invented or Developed

question 55

Multiple Choice

"Brand management" and "Lean production systems" were invented or developed respectively by:

• A)Apple and Procter & Gamble
• B)Toyota and General Electric
• C)Cirque du Soleil and Apple
• D)Procter & Gamble and Toyota

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Definitions:

LIFO Perpetual

A method of inventory valuation which assumes that the last items placed in inventory are the first ones sold, applied continuously throughout the accounting period.

Weighted Average

This is a calculation method that takes into account the varying degrees of importance of the numbers in a data set, giving different weights to some of the data points.

Moving Average

A calculation used to analyze data points by creating a series of averages of different subsets of the full data set.

Physical Count

The process of counting and verifying actual inventory on hand to ensure accuracy in records and reports.