What Is the Purpose of the Kanban System

question 17

Multiple Choice

What is the purpose of the Kanban system?

• A)to ensure parts or materials are available when needed
• B)to signal when preventive maintenance is needed
• C)to signal when a defective unit has been produced
• D)to ensure idle time of workers is not wasted

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Definitions:

Real Account

A permanent account in accounting that tracks the balances of assets, liabilities, and equity, and is not closed at the end of the accounting period.

Cash

Refers to money in the form of coins or banknotes, especially that possessed by a person or business for transactions.

Accounts Payable

Accounts payable is a liability account that records amounts a company owes to suppliers or creditors for goods and services received but not yet paid for.

Utilities Expense

The cost incurred from the consumption of utility services such as electricity, water, and gas in the business operations.