Which of the Following Is Not a Characteristic of a Lean

question 75

Multiple Choice

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

• A) Costs in the system are organized according to value streams.
• B) The system includes both financial and nonfinancial performance indicators.
• C) It is most appropriate for firms operating in dynamic and competitive environments.
• D) The system incorporates the use of standard costs and standard cost variances.
• E) The overall intent of the system is to more accurately reflect improvements associated with lean manufacturing.

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Definitions:

Forgetting

The inability to recall or retrieve information that was once stored in the memory.

Time

The indefinite continued progress of existence and events in the past, present, and future regarded as a whole.

Icon

In cognitive psychology, an icon refers to a mental representation or image that stands in for an object or concept, often used in studies of memory and perception.

Sensory Register

The initial stage of memory, where sensory information is stored for a very short period of time before it is processed further or forgotten.