In a Lean System,waste Is Any Action That

question 29

Multiple Choice

In a lean system,waste is any action that

• A)Costs money.
• B)Could be done by an outside supplier.
• C)Does not generate value.
• D)Must be performed manually.

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Definitions:

Qualified Opinion

An auditor's statement that accompanies a company's financial statements, indicating that most parts of the financial statements are accurate, but there are reservations.

Working Papers

Documents that prove a minor's eligibility to be employed under the labor laws, often required in many states for individuals under a certain age.

Right of Access

The legal right to enter or use a property, facility, or service, often subject to certain conditions or restrictions.

Public Company Accounting Oversight Board

An independent oversight body established by Congress to oversee the audits of public companies in order to protect investors and the public interest by promoting informative, fair, and independent audit reports.