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FinMan10e_ATest_ch27 - 10th Edition FINANCIAL MANAGERIAL...

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10th Edition FINANCIAL & MANAGERIAL ACCOUNTING 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.
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