Which of the Following Is Not an Example of Waste

question 7

Multiple Choice

Which of the following is not an example of waste?

• A) Overproduction of products.
• B) Safety hazards that cause injury.
• C) Stand-alone processes that are not linked to upstream or downstream processes.
• D) All of the above are examples of waste.

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Definitions:

Straight-Line Method

A method of calculating depreciation of an asset which assumes the asset will lose an equal amount of value each year over its useful life.

Declining-Balance

A method of accelerated asset depreciation where the depreciation expense decreases over time.

Depreciation Expense

The allocation of the cost of a tangible asset over its useful life, reflecting the asset's wear and tear or obsolescence.

Depreciation Produces

An accounting process that allocates the cost of a tangible asset over its useful life, thus producing a systematic reduction in value to reflect wear and tear or obsolescence.