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Distinguish Between Continuous and Intermittent Manufacturing Systems,providing Examples of Each

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Essay

Distinguish between continuous and intermittent manufacturing systems,providing examples of each.


Definitions:

Net Income

Profit after deduction of all operational, interest, and tax expenses.

Capital Account Balance

A measure of the financial value of a nation's assets minus liabilities in the capital account, reflecting changes like foreign investment.

Partnership Capital

The total funds contributed by the partners of a partnership firm, which are used in the business and represented on the firm's balance sheet.

Income-sharing Ratio

The predetermined proportion used to distribute earnings or losses among business partners or shareholders according to their agreement.

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