One of the Key Elements of Lean Accounting Is the Use

question 98

Multiple Choice

One of the key elements of lean accounting is the use of the value stream income statement. Which of the following is not a characteristic of value stream income?

• A) Reduction in the need for allocations of indirect costs.
• B) Expansion of the scope of the cost object.
• C) Decreased use of direct-cost tracing.
• D) Focus on revealing financial benefits of lean manufacturing.
• E) Income-effects for individual families of products are revealed.

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Definitions:

Claiming Value Strategies

Techniques used in negotiation focused on maximizing one's own benefit from the deal being negotiated.

Single-issue Negotiations

Negotiations that focus exclusively on one specific matter or topic, often leading to a zero-sum scenario where one party's gain is another's loss.

Change Our Goals

The process of reevaluating and adjusting one's objectives in a situation, often in response to new information or changing circumstances.

Clear Objectives

Well-defined and specific goals that guide actions and decisions, essential for effective planning and successful outcomes.