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________ Provide(s)a Methodology and Tools for Dealing with the Organization's

question 20

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________ provide(s) a methodology and tools for dealing with the organization's ongoing need to revise and optimize its numerous business processes.


Definitions:

Operating Assets

Assets required for a company to conduct its daily business operations, including property, plant, and equipment, but excluding investments and non-operational assets.

Cost Center

A department or unit within an organization that does not directly contribute to profit but incurs costs for its operation.

Responsibility Center

Any business segment whose manager has control over costs, revenues, or investments in operating assets.

Queue Time

The duration a product or job order spends waiting to be processed, not including the time actually taken to complete the task.

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