Which of the Following Is not One of the Seven

question 58

Multiple Choice

Which of the following is not one of the Seven Wastes?

• A) overproduction
• B) transportation
• C) assignment
• D) defective product
• E) motion

---

Definitions:

Credit Analysis

The process of determining the probability that customers will or will not pay.

Payables Policy

The guidelines a company follows regarding how and when it will pay its bills and invoices to creditors.

Collection Policy

A set of guidelines and procedures followed by a business to collect accounts receivable or outstanding debts from clients or customers.

Collection Policy

A collection policy outlines the procedures a company uses to collect accounts receivable, including timelines, communication strategies, and actions for overdue payments.