Lean Accounting Is a Costing Method That Supports Creating Value

question 21

True/False

Lean accounting is a costing method that supports creating value for the customer by costing the entire value stream, NOT individual products or departments, thereby eliminating waste in the accounting process.

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Definitions:

Rational Persuasion

A method of influencing others by using logical arguments and factual evidence to convince them of a point of view.

Coalition Building

The process of forming alliances among individuals, groups, or nations to achieve specific goals or address common issues.

Politics

Activities within an organization that involve manipulation, negotiation, and influence to gain power or achieve specific goals.

Political Behaviors

Actions taken within an organization that are aimed at acquiring, developing, and using power and other resources to obtain one's preferred outcomes.