Which of the Following Is Not an Example of a Lean

question 19

Multiple Choice

Which of the following is not an example of a lean inventory approach?

• A)just-in-time (JIT)
• B)collaborative planning,forecasting,and replenishment
• C)efficient consumer response (ECR)
• D)quick response (QR)

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Definitions:

Equity Method

An accounting technique used to record investments in other companies, recognizing income based on the investor's share of the investee's profits.

Subsidiary Earnings

Profits generated by a company that is majority-owned or fully owned by another company (the parent company).

Income Statement

An income statement is a financial document that shows a company's revenues, expenses, and net income over a specific period.

Cash Surrender Value

The amount of money an insurance company will pay to a policyholder if their policy is voluntarily terminated before its maturity or an insured event occurs.