Which of the following statements is true regarding kaizen?
a. It involves only the top management of the organization.
b. It attempts to achieve radical improvements in a very short time period.
c. It requires very large financial investments.
d. It focuses on small, gradual, and frequent improvements.
d
You might also like to view...
Auditors are most likely to ensure that no production activity is scheduled prior to:
A. determining standard costs. B. completing the book to physical adjustment. C. observing physical inventory. D. determining the amount of consigned inventory.
Which of the following descriptions would not fit the definition of a liability?
A) Obligation to deliver services for which payment was received in advance B) Result of past transaction C) Future obligation for future salary payments D) Present obligation for future payment
Which of the following would not be a useful way to increase cash collections from customers?
a. lock boxes b. customer debit cards c. increasing the length of the payment period d. electronics funds transfers
Wang Co. manufactures and sells a single product that sells for $450 per unit; variable costs are $270. Annual fixed costs are $800,000. Current sales volume is $4,200,000. Compute the break-even point in units.
A. 1,933. B. 2,900. C. 4,444. D. 1,160. E. 5,500.