Streamlining Production and Cross-Trainingemployees So They Can Do Multiple Tasks

question 2

Multiple Choice

Streamlining production and cross-trainingemployees so they can do multiple tasks is a part of _____.

• A)virtual organization process
• B)lean manufacturing
• C)just-in-time inventory control
• D)self-directed team management

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Definitions:

Allowance for Uncollectible Accounts

A contra-asset account that represents the amount of receivables a company does not expect to collect.

Accounts Receivable

Monies owed to a business by its customers for goods or services delivered or used but not yet paid for.

Bad Debt Expense

An expense recognized by businesses for receivables that are considered uncollectible, reflecting estimated losses.

Consignment

A business arrangement where goods are left with a third party to sell, but the original owner retains ownership until the items are sold.