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.

Comprehend the function and types of memory, including iconic, echoic, short-term, and long-term memories.

Recognize the differences between anterograde amnesia and retrograde amnesia.

Identify the impact of hippocampus damage on memory.

Understand the role of the hippocampus in storing new long-term memories.

---

Definitions:

Research And Development

Research and development (R&D) refer to the activities companies undertake to innovate and introduce new products and services.

Opportunity Costs

The cost of an alternative that is foregone to pursue a certain action, representing the benefits that could have been received from the chosen alternative.

Accelerated Depreciation

Any method that shifts depreciation forward in an asset’s life. Accelerated methods increase early charges and reduce those that come later, keeping total depreciation constant.

Tax Accounting

A method of accounting that focuses on taxes rather than the appearance of public financial statements.