Loose Leaf for Fundamentals of Accounting Principles and Connect Access Card
Loose Leaf for Fundamentals of Accounting Principles and Connect Access Card
22nd Edition
ISBN: 9781259542169
Author: John J Wild
Publisher: McGraw-Hill Education
bartleby

Videos

Question
Book Icon
Chapter 18, Problem 17E
To determine

Concept Introduction:

The three lean business practises:

1. Total Quality Management

Total Quality Management can be defined as the business practise which requires to implement a system in which every member of staff or any other resources involved in business must be committed in maintaining high standards of work in every aspects of a company’s operations.

2. Just-in-time (JIT)

Just-in-time can be defined as the business practise in which companies try to increase efficiency and decrease the waste involved by receiving goods only as and when they are needed in during the operations.

3. Continuous Improvement

Continuous Improvement can be defined as the business practise which involves an ongoing process to improve services, products and processes.

To match:

The given activities –

1. Courteous employees

2. Food produced to order

3. Clean tables and floors

4. Orders filled within three minutes

5. Standardized food-making processes

6. New Product development

With the appropriate business practise as Total Quality Management, Just-in-time (JIT) and Continuous Improvement

Blurred answer
Students have asked these similar questions
When should accountants adopt inflation-adjusted accounting methods?
I want to correct answer general accounting
I need answers accounting question

Chapter 18 Solutions

Loose Leaf for Fundamentals of Accounting Principles and Connect Access Card

Knowledge Booster
Background pattern image
Accounting
Learn more about
Need a deep-dive on the concept behind this application? Look no further. Learn more about this topic, accounting and related others by exploring similar questions and additional content below.
Recommended textbooks for you
Text book image
FINANCIAL ACCOUNTING
Accounting
ISBN:9781259964947
Author:Libby
Publisher:MCG
Text book image
Accounting
Accounting
ISBN:9781337272094
Author:WARREN, Carl S., Reeve, James M., Duchac, Jonathan E.
Publisher:Cengage Learning,
Text book image
Accounting Information Systems
Accounting
ISBN:9781337619202
Author:Hall, James A.
Publisher:Cengage Learning,
Text book image
Horngren's Cost Accounting: A Managerial Emphasis...
Accounting
ISBN:9780134475585
Author:Srikant M. Datar, Madhav V. Rajan
Publisher:PEARSON
Text book image
Intermediate Accounting
Accounting
ISBN:9781259722660
Author:J. David Spiceland, Mark W. Nelson, Wayne M Thomas
Publisher:McGraw-Hill Education
Text book image
Financial and Managerial Accounting
Accounting
ISBN:9781259726705
Author:John J Wild, Ken W. Shaw, Barbara Chiappetta Fundamental Accounting Principles
Publisher:McGraw-Hill Education
Elements of cost | Direct and Indirect: Material, Labor, & Expenses; Author: Educationleaves;https://www.youtube.com/watch?v=UFBaj6AHjHQ;License: Standard youtube license