The Resource Management Section of ISO/TS 16949 Includes Aspects Such

question 34

True/False

The resource management section of ISO/TS 16949 includes aspects such as purchasing and control plans.

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Definitions:

Operating Working Capital

Operating Working Capital is a measurement of a company's operating liquidity, calculated as current assets minus current liabilities, indicating the short-term financial health and efficiency of operations.

Depreciation

The systematic allocation of the cost of a tangible asset over its useful life, reflecting the asset's consumption, wear and tear, or obsolescence.

Capital Expenditures

Payments made by a company to acquire or upgrade physical assets such as property, industrial buildings, or equipment.

Amortization

The process of gradually reducing a debt through regular payments of both principal and interest.