Which of the Following Is an Element of the Lean

question 35

Multiple Choice

Which of the following is an element of the lean supply chain approach?

• A) Continuous improvement of supplier performance.
• B) Breakthrough improvement of supplier performance.
• C) Emphasis on pull planning and control.
• D) Transparency in terms of costs, quality and delivery schedules.

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Definitions:

Temporary Account

An account used to track transactions within a fiscal period, which is closed and zeroed out at the period's end, moving its balances to permanent accounts.

Service Fees

Charges for professional services provided by businesses to their customers.

Rent Expense

The cost incurred by a business to utilize property or equipment for business operations.

Revenue Closed

A term not commonly used in accounting standards. NO.