The Major Objective of the Just-In-Time Operating Environment Is to

question 126

Multiple Choice

The major objective of the just-in-time operating environment is to

• A) create pull-through production.
• B) develop a multiskilled work force.
• C) substitute automation for manual operations.
• D) reduce waste and improve quality and productivity.

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Definitions:

Bank Reconciliation

Aligning an organization's cash account records in its accounting books with the relevant details found in a bank statement.

Bank Statement Adjustment

The process of reconciling differences between the balance shown on a bank statement and the amount shown in a company's financial records.

Interest Revenue

Income that is earned from investments, loans, or any other interest-bearing assets.

Internal Control

A process designed to ensure the reliability of financial reporting, compliance with laws and regulations, and effective and efficient operations.