Lean Principles Include All the Following Except That

question 3

Multiple Choice

Lean principles include all the following except that

• A)Value is defined from the customers' point of view
• B)Actions that do not add value should be eliminated
• C)Continuous improvement
• D)Products should be pushed to the customer
• E)Value creation should be organized in a tight and integrated sequence

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Definitions:

Voucher Register

A voucher register is a record keeping system where vouchers are indexed and stored, detailing the payment of a transaction.

Vouchers Payable

A liability account that records the obligation to pay for goods or services that have been received, but not yet paid for.

Purchases

Transactions involving the buying of goods and services for business operations or resale.

Gross Method

An accounting practice where discounts for prompt payments are not deducted from invoice amounts unless a payment is made within the discount period.