With Regard to Suppliers, Lean Systems Typically Require

question 21

Multiple Choice

With regard to suppliers, lean systems typically require

• A)delivery of large lots at regular intervals.
• B)buyer inspection of goods and materials.
• C)multiple sources from which to purchase.
• D)long-term relationships and commitments.
• E)the lowest price possible.

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Definitions:

Assignor

A person who assigns rights or delegates duties under an assignment.

Accounts Receivable

Money owed to a company by its customers for goods or services that have been delivered but not yet paid for.

General Course

A broad educational path focusing on a wide range of subjects or skills.

Equal Dignities Rule

A legal principle stating that agents appointed to perform tasks that must be in writing, such as real estate transactions, also must have their authority granted in writing.