Lean Production Should Result in Reduced Inventories

question 281

True/False

Lean production should result in reduced inventories. If lean production is successfully implemented, the difference in net operating income computed under the absorption and variable costing methods should be reduced.

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Definitions:

Green Algae

A large group of algae, primarily aquatic, that contain chlorophyll and conduct photosynthesis.

Dinoflagellates

A group of protists known for their whirling movement, some of which are photosynthetic, found in marine and freshwater environments.

Two Flagella

A description of cells or organisms that have two long, slender projections used for movement.

Spin

A fundamental quantum property of particles, showing their intrinsic angular momentum.