FinMan10e_BTest_ch27

FinMan10e_BTest_ch27 - 10th Edition FINANCIAL & MANAGERIAL...

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10th Edition Warren/Reeve/Duchac Chapter Test 27B 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 B
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TEST 11 (Continued) amount in the Answers column. For Answers Scoring 0. The ratio of value-added lead time divided by total lead time is called the value-added ratio 0. ____ 1. Another name for the business philosophy that focuses on eliminating time, cost, and poor quality within manufacturing and nonmanufacturing processes is ................................................................................................ 1. ____ 2. A company moving from traditional manufacturing methods to just-in-time will probably see (an increase or a decrease) in the size of its inventory. 2. ____ 3. The measure of the time that elapses between starting a unit of product and completing the unit is called . ................................................................
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139 3. ____ 4. In short-cycle operations, production planners do not make forecasts of estimated orders but base the schedule of manufacturing on firm orders from customers. This system is called . ....................................................... 4. ____ 5. In a just-in-time company, all in-process work is combined with raw materials to form a new account called . ...................................................... 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_BTest_ch27 - 10th Edition FINANCIAL & MANAGERIAL...

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