Which of the Following Is NOT an Attribute of Lean

question 63

Multiple Choice

Which of the following is NOT an attribute of lean operations?

• A) eliminating almost all inventory through just-in-time techniques
• B) minimizing space requirements by reducing the distance a part travels
• C) pushing responsibility to the highest level possible through centralized decision making
• D) educating suppliers to accept responsibility for helping meet customer needs
• E) building worker flexibility through cross-training and reducing job classifications

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Definitions:

Credit Terms

The conditions under which credit will be extended to a borrower, including repayment schedule, interest rate, and the duration of the loan.

General Journal Entries

A record of financial transactions in the order they occur.

Invoice Price

Invoice Price is the price listed on an invoice for purchased goods or services, including the base cost and added fees or taxes before any discounts.

General Journal Entry

An accounting record where transactions are initially recorded, detailing the accounts that are affected and the amounts, before the details are posted to the appropriate ledgers.