Accounting for Lean Operations Requires Fewer Transactions Because

question 113

Multiple Choice

Accounting for lean operations requires fewer transactions because

• A) large batches of inventory are combined in a smaller number of transactions.
• B) costs are accumulated in one department and then transferred to the next department.
• C) combined material and conversion costs are transferred to finished goods.
• D) costs are transferred from department to department allowing for better controls in costs.

---

Definitions:

HMO

Health Maintenance Organization, a type of health insurance plan that requires members to access healthcare services from a specific network of providers.

PBGC

Pension Benefit Guaranty Corporation; a federal corporation created to protect the retirement incomes of workers in private-sector defined benefit pension plans in the United States.

Least-expensive Benefits Package

A benefits plan that offers the minimum required level of benefits at the lowest possible cost to the employer.

HR Department

The division within an organization responsible for overseeing employment-related matters, including recruitment, training, benefits, and compliance with labor laws.