The 5Ss

question 108

Multiple Choice

The 5Ss:

• A) have the "flavor" of a housekeeping list.
• B) are a checklist for lean operations.
• C) have become a list of seven items in American practice.
• D) can be used to assist with necessary changes in organizational culture.
• E) All of these are true.

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Definitions:

Note Payable

A written promise to pay a specified amount of money, usually with interest, by a certain date to the holder of the note.

Journal Entry

A record of the transactions that occur within a company, entered into the accounting ledger reflecting debits and credits in order to maintain accurate financial statements.

Chart Of Accounts

An organized list of all accounts in the general ledger of a company, categorizing assets, liabilities, equity, revenues, and expenses.

Numbering System

An organized scheme for assigning unique identifiers to entities within a specific context or system.