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NNADVOKAT [17]
2 years ago
15

What is meant by "lean production"?

Business
1 answer:
Oliga [24]2 years ago
6 0

Answer:

Lean production is a production methodology focused on eliminating waste, where waste is defined as anything that does not add value for the customer. Although Lean's heritage is manufacturing, it is applicable to all types of organisation and all an organisation's processes.

Explanation:

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The accounts payable ledger has postings from which of the following sets of journals? a.Purchases, cash payments, and general b
docker41 [41]

Answer: a. Purchases, cash payments, and general

Explanation:

The accounts payable ledger has postings from the purchases journal, cash payments journal and the general journal.

The accounts payable ledger is also referred to as the creditors ledger because it shows the amount that a company owes its suppliers.

The purchase journal shows the record for the goods that a particular company buys on credit. Cash payments journal shows the transactions which the business pays in cash. The general journal shows business transactions when they take place.

Therefore, the correct option is A.

3 0
4 years ago
You have been hired as CEO of Lugar Industries and have been asked to change the organizational culture. Because your company op
KengaRu [80]

Answer:

adaptive culture

Explanation:

An organization with an adaptive culture is usually one that can adapt quickly to changes in their environment, This changes can result from technological innovations, changes in consumer habits, changes in regulations, etc.

The key issue here is that the organization will respond rapidly to new opportunities and changes.

7 0
3 years ago
1. Consider the following project and its cash flow: Investment cost $10,000 Expected life 5 years Market (salvage) value* -$1,0
avanturin [10]

Answer:

PW = 2,911

FW = 5,856

Since both PW and FW are positive project may be accepted

Explanation:

the file attached below shows the full explanation

Download docx
8 0
4 years ago
Which of the following categories in the portfolio matrix is a market leader and growing fast?
Maslowich

Answer:

It is Star (B)

Explanation:

Option (a) True. Star is a product with high relative market share in a high growing market . This product is full of potential but require more investment and spending in the areas of advertising,innovation and  market research in order to maintain its market leadership position. Hence, it might be cash neutral at this stage.

In the long-run, it will eventually turns to cash cow in the portfolio if we can sustain its position.

Option(b) Meteor. False. This does not exist in product portfolio matrix.

Option (c) Cash cow. False.

This product has a large relative market share in a stagnating (mature) market, profits and cash flows are expected to be high. Because of the lower growth rate, investments needed should also be low.

Hence, they  typically generate cash in excess of the amount of cash needed to maintain the business and this  ‘excess cash’ is supposed to be ‘milked’ from the Cash Cow for investments in other business units (Stars and Question Marks). Cash Cows ultimately bring balance and stability to a portfolio.

Option (d) Shiner. False .It does not exist

Option (e) Top dog. It is a product with low relative market share in a stagnant market.

8 0
3 years ago
Josh has decided to open a restaurant. he has determined that he will need to hire separate people to seat and serve​ customers,
lara [203]
<span>This is known as job specialization. Josh cannot do all of the work himself, so he hires others to perform specific tasks for him. He should hire people with specialized skillsets, so that they will be most suited to the jobs he needs them to perform, such as waiters for serving customers and chefs for preparing dishes.</span>
4 0
4 years ago
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