ECR Keeps Manufacturing Flexible with Regard to What and How

question 47

True/False

ECR keeps manufacturing flexible with regard to what and how much to make,while QR focuses more on exactly how much to make and when to put it into the warehouse.

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Definitions:

Trial Balance

An accounting report that lists all the balances in a company's ledger accounts, used to check the accuracy of bookkeeping entries.

Account Balance

The amount of money held in a financial repository, such as a bank account, at any given moment, reflecting all completed transactions.

Posting Errors

Mistakes made during the recording of financial transactions to the general ledger or subsidiary ledgers.

Chart Of Accounts

A chart of accounts is a structured list of an organization's general ledger accounts, organizing financial transactions into categorized accounts for reporting and analysis purposes.