An Acquisition Is the Purchase of a Company,or Part of a Company,in

question 45

True/False

An acquisition is the purchase of a company,or part of a company,in which the acquired company ceases to exist independently.

Recognize the importance of reducing distance and increasing flexibility in JIT systems through tactics like cross-training.

Understand the Toyota Production System (TPS) and its key components.

Recognize the significance of variability sources and strategies to reduce them in manufacturing processes.

Understand the concepts of continuous improvement and standard work practices in TPS, lean operations, and JIT systems.

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Definitions:

Petty Cash Receipt

A petty cash receipt is a document used to record small cash payments for minor expenses, part of a system to manage incidental or minor office costs.

Petty Cash Account

A small amount of cash kept on hand for making immediate payments for miscellaneous small expenses.

Compensating Balance

A requirement by some banks requiring depositors to maintain minimum cash balances in their bank accounts.

Petty Cash Fund

A special cash fund to pay relatively small amounts.