Which of the Following Is Not a Characteristic of a Lean

question 106

Multiple Choice

Which of the following is not a characteristic of a lean accounting system?

• A) Calculated costs are used in setting product prices.
• B) Reporting is done frequently (often weekly, or even daily).
• C) Product aggregation—product costs are determined at the value-stream level.
• D) Use of average costs for products in each value stream.
• E) Includes, in the form of box score report, nonfinancial as well as financial performance results.

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Definitions:

Ethical Factors

Considerations related to principles of right and wrong behavior, often guiding decision-making processes in professional and personal contexts.

Ethnic Minority

A group of people who differ in race, religion, or cultural background from the majority population in a specific area.

Cultural Background

Cultural background encompasses the societal, ethnic, linguistic, and familial influences that shape an individual's experiences and worldview.

Magnetic Field

A vector field that describes the magnetic influence on moving electric charges, electric currents, and magnetic materials.