Which of the Following Is Not Listed in the Textbook

question 39

Multiple Choice

Which of the following is not listed in the textbook as a component of a lean supply chain?

• A) Lean customers
• B) Lean management
• C) Lean logistics
• D) Lean warehousing
• E) Lean procurement

---

Definitions:

Net Realizable Value

The estimated selling price of an item of inventory less any direct costs of disposal, such as sales commissions.

Allowance for Doubtful Accounts

A contra-asset account representing estimated uncollectible accounts receivable due to the customer's inability to pay.

Accounts Receivable

Money owed to a company by its customers for goods or services that have been delivered but not yet paid for.

Direct Write-off

A method for recognizing bad debt expense when a specific account receivable is determined to be uncollectible, directly reducing accounts receivable and recognizing the expense.