Match the Term to the Appropriate Definition

question 113

Multiple Choice

Match the term to the appropriate definition.(There are more definitions than terms. )
-Balance Sheet

• A)A procedure by which independent evaluators assess the accounting procedures and financial reports of a company.
• B)An example of external users of financial statements.
• C)Activities directly related to running the business to earn a profit.
• D)When a company acquires money from investors.
• E)A financial statement that summarizes a company's past and current cash situation.
• F)Transactions with lenders (borrowing and repaying cash)and stockholders (selling company stock and paying dividends).
• G)The total amount of profits that are kept by the company.
• H)The idea that the financial statements of a company include the results of only that company's business activities.
• I)The idea that a company should report its financial data in the relevant currency.
• J)Borrowing money from lenders.
• K)A financial statement showing a company's assets,liabilities and stockholders' equity.
• L)A financial statement that shows a company's revenues and expenses.
• M)An example of an internal user of financial statements.

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Definitions:

Total Productive Maintenance

A comprehensive maintenance strategy focused on increasing productivity by preventing accidents, eliminating defects, and reducing downtime in manufacturing processes.

Reliability

The probability that a system, component, or device will perform its required function under stated conditions for a specific period of time.

Empowered Employees

Workers who are given the authority, capability, and encouragement to take meaningful actions in their roles.

Maintenance Strategy

A planned approach for conducting upkeep and repairs of equipment, infrastructure, or systems to ensure their optimal working condition and longevity.