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Assembly line balancing has just been used to solve a product layout problem. Two solutions look especially attractive to the plant managers. Both solutions make the same output per day, and both have the same number of workstations. The managers were going to break the tie by looking at line efficiency, but discovered that both lines had the same efficiency as well. Should they have been surprised at this? Explain.
Total Assets
The sum of everything of value owned by a business, including cash, securities, inventory, property, and other tangible and intangible assets.
Periodic Inventory System
An accounting method where inventory levels and cost of goods sold are determined at set periods, rather than continuously tracked.
Journal Entry
A record in accounting that represents a transaction with debit and credit amounts recorded in the ledger to maintain financial records.
Retail Business
A type of business that sells products directly to consumers, typically through various distribution channels.
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