Which Company Probably Played the Largest Role in the Development

question 24

Multiple Choice

Which company probably played the largest role in the development of the Toyota Production System?

• A) General Motors
• B) Ford
• C) Chrysler
• D) Boeing

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Definitions:

General Journal

A comprehensive journal that records the initial data for all different types of financial transactions.

Ledger

An accounting book or computer file used for recording and totaling economic transactions measured in terms of a monetary unit, by account.

Posting

The process of recording amounts as debits or credits in the accounts of a company's general ledger.

Debt Ratio

A ratio indicating a company's level of indebtedness by dividing its total liabilities by its total assets.