Lean Accounting Is a Costing Method That Supports Creating Value

question 26

True/False

Lean accounting is a costing method that supports creating value for customers by costing the value streams, as distinguished from individual products or departments,thereby eliminating waste in the accounting process.

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Definitions:

Conscious Awareness

is the state of being aware of one's own existence, sensations, thoughts, surroundings, and actions.

Retroactive Interference

A memory phenomenon where newer information interferes with the ability to remember older information.

Source Amnesia

Attributing to the wrong source an event we have experienced, heard about, read about, or imagined. Source amnesia, along with the misinformation effect, is at the heart of many false memories.

Retroactive Interference

A memory phenomenon where newly learned information interferes with the recall of information learned previously.