_______________, or Customized Production, Produces Products in Response to Customer

question 67

Short Answer

_______________, or customized production, produces products in response to customer orders.

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Definitions:

Double-entry Bookkeeping System

A method of bookkeeping where every entry to an account requires a corresponding and opposite entry to a different account, ensuring the accounting equation is always in balance.

Fraud

A deliberate deception to secure unfair or unlawful gain, or to deprive a victim of a legal right.

Trial Balance

A bookkeeping report that lists the balances in each general ledger account at a specific time, ensuring that debits equal credits.

Individual Accounts

Financial accounts that are owned by a single individual, as opposed to joint accounts owned by multiple parties.