Lean Tools Are Primarily Focused On

question 132

Multiple Choice

Lean tools are primarily focused on:

• A) Eliminating waste.
• B) Better workplace management.
• C) Increasing customer value.
• D) Reducing resources.

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Definitions:

Cost of Goods Sold

The expenses directly linked to the manufacturing of products a company sells, which consist of materials and labor.

Sales

The process of exchanging products or services for money, constituting the primary revenue stream for most businesses.

Accounts Receivable

Accounts Receivable represents the money owed to a company by its customers for goods or services that have been delivered but not yet paid for.

Credit Sales

Sales made by a business where the payment is delayed, typically documented with an invoice and recorded in accounts receivable.