Myra Operates a Punch Press on a Production Line

question 37

Multiple Choice

Myra operates a punch press on a production line. Because she is slower than the operators both before and after her in the process, work stacks up at her press. Myra is a

• A) bottleneck.
• B) constraint.
• C) defect.
• D) hazard.

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Definitions:

Noncash Assets

Assets that cannot be easily converted into cash, including property, plant, equipment, patents, and trademarks.

Gain or Loss

The financial result of transactions that leads to an increase (gain) or decrease (loss) in the capital of an entity, not related to its primary operations.

Capital Balances

The amount of funds that each partner or shareholder has contributed to a company, not including any profits or losses retained in the company.

Partnership Liabilities

Obligations and debts that are shared by partners in a partnership arrangement.