Table of contents

1. Introduction to Accounting1h 21m
2. Transaction Analysis1h 13m
3. Accrual Accounting Concepts2h 38m
4. Merchandising Operations2h 30m
5. Inventory1h 55m
6. Internal Controls and Reporting Cash1h 16m
7. Receivables and Investments3h 8m
8. Long Lived Assets5h 1m
9. Current Liabilities2h 19m
10. Time Value of Money1h 23m
- Time Value of Money Equations
  35m
- Using Time Value of Money Tables
  47m
11. Long Term Liabilities2h 45m
12. Stockholders' Equity2h 15m
13. Statement of Cash Flows2h 24m
14. Financial Statement Analysis5h 25m
15. GAAP vs IFRS56m

1. Introduction to Accounting

Useful Information

Financial Accounting

1. Introduction to Accounting

Useful Information

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Multiple Choice

Which of the following is an example of a poka-yoke device?

A financial statement that summarizes revenues and expenses

A barcode scanner used for inventory tracking

A spreadsheet used for budgeting

A machine that automatically stops when a part is incorrectly positioned

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Verified step by step guidance

Understand the concept of poka-yoke: Poka-yoke is a Japanese term meaning 'mistake-proofing' or 'error prevention.' It refers to devices or mechanisms designed to prevent errors in a process or system.

Analyze the options provided: The question lists several items, and you need to determine which one fits the definition of a poka-yoke device.

Evaluate each option: A financial statement summarizes revenues and expenses, but it does not actively prevent errors. A barcode scanner helps track inventory but does not prevent errors in positioning or assembly. A spreadsheet aids in budgeting but does not prevent physical errors.

Focus on the correct answer: A machine that automatically stops when a part is incorrectly positioned fits the definition of a poka-yoke device because it actively prevents errors in the process by halting operations when a mistake occurs.

Conclude: The correct answer is the machine that stops when a part is incorrectly positioned, as it aligns with the concept of poka-yoke by preventing errors in the system.