FinMan10e_ATest_ch27

FinMan10e_ATest_ch27 - 10th Edition FINANCIAL MANAGERIAL ACCOUNTING Warren/Reeve/Duchac Chapter Test 27A Score Name Course Section NOTE Each of the

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10th Edition Warren/Reeve/Duchac Chapter Test 27A Score % Name Course Section NOTE: Each of the 25 correct answers is assigned a weight of 4%. FILL-IN-THE-BLANK—PRINCIPLES AND TERMINOLOGY—60% INSTRUCTIONS: Complete each of the following statements by writing the appropriate words or amount in the Answers column. A
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TEST 11 (Continued) For Answers Scoring 0. Just-in-time manufacturing is sometimes called . ........................................ lean manufacturing 0. ____ 1. A business philosophy that focuses on eliminating time, cost, and poor quality within manufacturing and nonmanufacturing processes is called. ... 1. ____ 2. A company moving from traditional manufacturing methods to just-in-time will probably see (an increase or a decrease) in the number of its suppliers. 2. ____ 3. The lead time that a product waits in inventories, moves unnecessarily, and waits during machine breakdowns is called . ........................................ 3. ____ 4. In short-cycle operations, production planners do not make forecasts of
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139 estimated orders but base the schedule of manufacturing on firm orders from customers. This system is called . ....................................................... 4. ____ 5. The production scheduling approach based on replacing depleted inventories rather than producing to fill a customer order is called (answer “make-to order” or “make-to-stock”) . .......................................................... 5. ____
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This note was uploaded on 07/17/2011 for the course ACCT 102 taught by Professor Martinez during the Summer '11 term at Rio Hondo College.

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FinMan10e_ATest_ch27 - 10th Edition FINANCIAL MANAGERIAL ACCOUNTING Warren/Reeve/Duchac Chapter Test 27A Score Name Course Section NOTE Each of the

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