Lean Concepts Were Used ______

question 79

Multiple Choice

Lean concepts were used ______.

• A)in 1776 by Adam Smith
• B)in the early 1900s by Henry Ford
• C)during the industrial revolution
• D)to help win World War II

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Definitions:

Note Collected

A financial transaction where a note receivable, typically a written promise to pay a debt, is collected or paid off.

Bank Reconciliation

The process of matching and comparing figures from accounting records against those shown on a bank statement to ensure they are in agreement.

Bank Service Charges

Fees charged by banks for various account services.

Note Collected

An increase in cash or accounts receivable resulting from the collection of a promissory note.