The Accounting Approach Designed to Support and Encourage Lean Manufacturing

question 24

Short Answer

The accounting approach designed to support and encourage lean manufacturing is called __________ accounting.

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Definitions:

Injury

Physical harm or damage to someone's body caused by an accident or an act of violence.

Marginal Benefit

The supplementary value obtained from the consumption of an extra unit of a good or service.

Optimal Quantity

The ideal amount of a good or service that maximizes efficiency or utility, taking into account costs and benefits.

Marginal Curve

Refers to graphs like the marginal cost curve or marginal revenue curve, which show how the cost or revenue changes with an additional unit of output.