According to Ohno and Toyota, _____ is a category of waste that occurs when employees are standing about and inventory is at a standstill
a. waiting time
b. defect
c. overproduction
d. unnecessary movement
e. over-processing
a
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Which of the following is false regarding a comprehensive approach to fighting fraud?
a. detecting fraud is the responsibility of the independent auditors b. evaluating controls is the function of the internal auditor c. corporate security officers see their role as investigative d. employees are in the best position to prevent and spot fraud
Allocating joint costs based upon a physical measure ignores the revenue-generating ability of individual products
Indicate whether the statement is true or false
Troxler Inc produces various types of floor rugs with many different designs. They typically produce at least 200 rugs with a single machine setup. A cost incurred each time a machine is set up is called a(n):
A) product-level cost. B) batch-level cost. C) unit-level cost. D) facility-level cost.
A non-engagement letter should be sent anytime a firm declines representation
Indicate whether the statement is true or false