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Susie worked as a counselor at a wilderness camp for inner city children for six weeks during the summer.Her weekly benefits included a $200 salary, lodging in a private cabin valued at $60, and meals in the camp dining facilities worth $70.Susie was required by her employer to be available at all times during the 6-week period in case of emergencies.How much must Susie include in her gross income?
Non-Value-Added Time
Time spent on production or administrative activities that do not contribute to the customer's value perception of the product or service.
ISO 9000 Standards
A set of international standards on quality management and quality assurance developed to help companies effectively document the quality system elements needed to maintain an efficient quality system.
Consumer Products
Goods produced for personal use by consumers, including items like electronics, food, and clothing.
Manufacturing Cycle Efficiency (MCE)
Process (value-added) time as a percentage of throughput time.
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