The Purpose of the Kanban Card Is To

question 25

Multiple Choice

The purpose of the kanban card is to:

• A)Be a signal from the user authorizing the maker to start producing the required parts.
• B)Keep track of defective products.
• C)Inform the maker of the exact specification of the required parts.
• D)Keep track of the total labor hours spent on a finished product.

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Definitions:

Dividends Declared

The action by a company's board of directors to distribute a specified amount of the company’s earnings to its shareholders.

Income Summary

An account to which the revenue and expense accounts are transferred at the end of a period to summarize the results of operations.

Year

A period of time consisting of 365 days (366 in a leap year), used as a basic unit of time for most calendar systems to measure durations and segment accounting periods.

Adjusted Trial Balance

A list of all accounts and their balances after adjusting entries are made, used for preparing financial statements.