Which of the Following Is Not One of the Key

question 66

Multiple Choice

Which of the following is not one of the key principles of the lean concept?

• A)Maximize the use of people.
• B)Simplify first, and only then apply new technology.
• C)Focus on gradual, but continuous, improvement.
• D)Minimize waste (including poor quality).
• E)None of these answers.

Understand how to use aged receivables to estimate the allowance for doubtful accounts.

Learn how to calculate and interpret accounts receivable turnover ratios.

Understand the procedures and accounting treatment for notes receivable, including interest calculation, maturity dates, and dishonored notes.

Familiarize with concepts of cash equivalent value of receivables, including discounting of receivables.

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