Taiichi Ohno Observed That Customers in American Supermarkets Pull Items

question 75

True/False

Taiichi Ohno observed that customers in American supermarkets pull items through the system based on what is needed to satisfy demand.

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Definitions:

General Journal

The bookkeeping record in which all types of transactions are recorded in chronological order before they are transferred to specific accounts in the ledger.

General Ledger

The comprehensive set of accounts that records all financial transactions of a business, serving as the central repository of accounting data.

Subsidiary Ledger

A detailed ledger that provides a breakdown of information summarized in a controlling account in the general ledger.

Control Account

An account used in the general ledger to summarize the details of transactions recorded in subsidiary ledgers.