Which of the Following Lean Service Systems Involves Smaller, More

question 37

Multiple Choice

Which of the following lean service systems involves smaller, more frequent orders and rapid replenishment of stock?

• A) lean banking
• B) lean health care
• C) lean retailing
• D) lean production

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Definitions:

Underapplied

Refers to a situation where the actual manufacturing overhead costs are more than the allocated overhead costs to products or services.

Cost of Goods Sold

The total cost directly tied to the production of the goods sold by a company.

Job-Order Costing System

A cost accounting system that assigns manufacturing costs to an individual product or batches of products, often used when products are distinctly different.

Overapplied

A situation where the allocated manufacturing overhead cost is more than the actual overhead cost incurred.