A Press Release Is Likely to Fall Under the ____

question 33

Multiple Choice

A press release is likely to fall under the ____ data classification scheme.

• A) public
• B) classified
• C) sensitive
• D) for official use only

Understand the effects of lean manufacturing on inventory management.

Grasp the concept and implications of lean manufacturing on employee roles and expertise.

Know the accounting entries specific to a lean environment.

Understand the use of nonfinancial measures in lean manufacturing.

---

Definitions:

Raw Materials

The basic materials from which products are made, typically not yet processed or manufactured.

Factory Payroll

The total compensation paid to all employees working within a manufacturing plant or factory.

Overhead Applicable

The portion of overhead costs that are assigned to a specific product, service, or job based on a predetermined rate or method.

Direct Materials

Raw materials that are directly traceable to the manufacturing process of a specific product and integral to its production.