The Differences Between Lean Producers and U

question 42

True/False

The differences between lean producers and U.S.mass producers in the way they deal with their respective dealers,distributors,and customers are as dramatic as the differences in the way they deal with their suppliers.

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Definitions:

Residual Value

The estimated value that an asset will have at the end of its useful life.

Double-declining-balance

A method of accelerated depreciation calculating a larger depreciation charge in the first year of an asset's life and progressively smaller charges in subsequent years.

Depreciation Expense

The portion of the cost of a fixed asset that is charged as an expense in a particular accounting period, reflecting the asset's usage and wear and tear.

Betterments

Improvements made to a property or asset that increase its value or productivity.