Rinker Audio Products Has Had Recurring Problems in Its Product

question 92

Multiple Choice

Rinker Audio Products has had recurring problems in its product quality.The company's manufacturing vice president suggests that Rinker use a statistically based methodology that aims to reduce defects,boost productivity,eliminate waste,and cut costs throughout the company and whose ultimate goal would be to have just 3.4 defects per million units that Rinker produces.What is the methodology that the manufacturing vice president is considering?

• A)Six Sigma
• B)lean manufacturing
• C)just-in-time inventory
• D)ISO 9000
• E)mass customization

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Definitions:

Modified Accrual Accounting

A method of accounting that recognizes revenues when they become measurable and available to finance expenditures of the fiscal period, and expenditures are recognized when the related fund liability is incurred.

Revenues Recognized

Income that a company has earned during a period but which is recorded in the financial statements according to accounting principles.

Proprietary Fund Types

Funds used by a government to account for activities similar to those found in the private sector, where the determination of net income is necessary or useful.

Fund Financial Statements

Financial reports specifically prepared to show the financial position and results of operations for governmental funds and non-profit organizations.