<u>Lean production</u> is a guiding philosophy and management approach that emphasizes efficiency through the elimination of waste in company operations.
Management is the management of an agency, whether or not it's miles a business, a non-earnings business enterprise, or a government frame. it is the art and science of handling resources of the enterprise.
The principle objective of management is to relax maximum outputs with minimum efforts & sources. control is basically concerned with wondering & utilizing human, material & financial resources in this sort of manner that might result in a first-class combination.
To the maximum fundamental degree, management is an area that includes a fixed of 5 general functions: making plans, organizing, staffing, leading, and controlling. those 5 capabilities are a part of a frame of practices and theories on a way to be a hit manager.
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Answer:
Inventory
Explanation:
Inventory refers to
- The finished products in the warehouse or store that is ready for sale.
- Raw materials used in the production of goods
- Goods that in the production process, also known as work in progress.
Inventory is held with the intention of selling. It is classified as current assets. Income realized from the sale of inventory is revenue to the business.
Answer:
Correct Answer:
B) Royalty Expense
Explanation:
<em>A royalty is a payment made by one party, franchisee to another that owns a particular asset, franchisor for the right to ongoing use of that asset. The expenses incurred in executing this payment is called royalty expenses.</em>
The correct answer is: [C]: "coinsurance" .
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