Managerial Accounting
Managerial Accounting
6th Edition
ISBN: 9781259726972
Author: John J Wild, Ken W. Shaw, Barbara Chiappetta Fundamental Accounting Principles
Publisher: McGraw-Hill Education
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Chapter C, Problem 2QS

Identify each of the following as applying more to lean (L) or to traditional (T) businesses.
OS C-2
Lean business model
C1

1. Production begins with a customer order.
2. Reducing defects is not a priority.
3. Inventory levels are lower.
4. Wait times are high.
5. Uses small batch sizes.
6. Quality control is only at product completion.
7. Cycle times are shorter
8. Move times are high.

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