Match Each Term to Its Associated Region

question 150

Multiple Choice

Match each term to its associated region.
-lower back between ribs and pelvis

• A)Abdominal
• B)Brachial
• C)Cervical
• D)Coxal
• E)Cutaneous
• F)Digital
• G)Femoral
• H)Lumbar

Understand the concept of value streams within lean manufacturing.

Recognize the differences between push and pull production systems.

Learn how to calculate the ending balance in finished goods inventory.

Understand the impact of lean principles on reducing waste and its importance to the triple bottom line.

---

Definitions:

Average Inventory

A metric that estimates the amount of inventory a business has on hand over a certain period, calculated by taking the sum of the beginning and ending inventory levels divided by two.

Periodic Inventory System

An inventory accounting system where updates to inventory levels are made on a periodic basis, as opposed to continuously.

Cost Of Goods Sold

The direct financial outlays for labor and materials that are necessary for producing goods a company sells.

Accounting Period

A specific time span for which financial records are kept and financial statements are prepared, usually a year or quarter.