​Which of the Following Is True of Lean Accounting

question 35

Multiple Choice

​Which of the following is true of lean accounting?

• A) ​Lean accounting and traditional accounting are used interchangeably.
• B) ​Lean accounting approaches include average costing and the expanded use of nonfinancial measures for operational control.
• C) ​Lean accounting encourages overproduction and works against the demand-pull system.
• D) ​Lean accounting is an approach designed to support the demand-push system.

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Definitions:

Operations

The day-to-day activities involved in running a business, ensuring it efficiently produces goods and services to meet customer demand.

Strategy Formulation

The process of crafting strategies to guide the allocation of resources.

External Environment

Factors outside an organization that can affect its performance, such as economic conditions, competition, and regulatory policies.

Organizational Resources

The assets, capabilities, processes, information, and knowledge that an organization controls and can use to accomplish its goals and objectives.