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natita [175]
3 years ago
12

Lean practices Include those which are designed to ellminate waste while still satistying the customer. Examples of lean practic

es include all of the following: Check all that apply. A. continuous improvement B. service focusC. just-in-time manufacturing tD. raditional manufacturing E. total quality management
Business
1 answer:
zubka84 [21]3 years ago
4 0

Answer:

The correct answer is letter "A", "C", and "E": continuous improvement; just-in-time manufacturing; total quality management

Explanation:

Lean practices involve several activities companies can engage to reduce inefficiency at work. Organizations achieved this by eliminating wasteful practices among employees to improve the output quality and keep consumers preference, thus making a profit. <em>That improvement must be continuous and imply managers will seek constantly perfection</em>.  

For instance, manufacturing companies can eliminate waste by keeping tight deadlines and <em>delivering their products just in the time</em> the suppliers or final consumers expect.

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Below are three independent and unrelated errors. On December 31, 2017, Wolfe-Bache Corporation failed to accrue office supplies
vampirchik [111]

Answer & Explanation

A)            Wolfe-Bache Corporation

Expenses will be understated thus, net income overstated.

In the balance sheet this makes assets Office supplies be overstated as it wasn't adjusted and retained earnings as well.

Prior Period Adjustment   1,800 debit

           Supplies                           1,800 credit

--to adjust supplies and recognize prior period results--

B)                Midwest Importers

rent revenue overstated thus, income statement overstated.

in the balance sheet Retained Earnings will be overstated as well.

While liabilities for the paid in advance rent will not exit thus, understated

Prior Period Adjustment   90,000 debit

           unearned revenue                 90,000 credit

--to adjust for unearned revenue on previous periods--

C)              Dinkins-Lowery Corporation

interest revenue will be understated thus, income statement as well.

In the balance sheet the note receivable net balance will be understated and so the equity as retained earnings is understated.

Prior period adjusment      8,000 debit

         interest receivable                  8,000 credit

--to adjust for missing year-end adjusting entry--

6 0
3 years ago
What term refers to the process in which two or more parties make offers, counteroffers, and concessions in order to reach an ag
zhuklara [117]

Answer:

C, negotiation

Explanation:

Negotiation according to oxford dictionary is a discussion aimed at reaching an agreement. It means that before an agreement is reached, a lot of talking has to happen in order to arrive at the best situation for all parties.

In business, negotiation is involves parties making offers, conter offers over amd over till a conclusion is reached that works fine for all parties and necessary documents are exchanged.

Cheers

7 0
3 years ago
Donna and Matthew share an office. Donna was balancing her checkbook when she was called
umka21 [38]

Answer:

yess

Explanation:

8 0
3 years ago
Read 2 more answers
Should companies be allowed to force stores to obey minimum prices? Yes or no? Explain the reason why you chose yes or no?
Viktor [21]
Yes, stores should be forced to obey minimum prices for a good or a company that is selling a service should as well. They should have to obey by this so that price competition isn't ongoing in the market. Larger producers can often charge a smaller amount for a product because they are producing them in high qualities. By charging less it gives them a competitive advantage over their competition in means of price. Unless the item is on clearance because a company is discontinuing stock of that item, they should have a set minimum as they do a set maximum they are allowed to charge for that item. 
3 0
3 years ago
The chapter says that for consumers as a​ group, Quiznos sandwiches are normal goods and Subway sandwiches are inferior goods. B
svetlana [45]

Answer:

confused

Explanation:

The goods whose demand decreases in the market when the consumer income rises are known as inferior goods.

The goods whose demand increases in the market when the consumer income rises are known as normal goods.

Thus, the reasoning of the student is confused as the classification of the goods on the basics of normal or inferior depends on response of the demand when there is a change in consumer's income. Thus, the student's own perception about such classification is confused.

8 0
3 years ago
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