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You are paying close attention to the basketball game on the TV.Suddenly,your roommate talking to someone on the phone about the upcoming psychology exam in the class you both
Will take distracts you.This conversation most likely captured your attention because it
Theory of Constraints
A management approach that identifies the most significant limiting factor (constraint) in achieving goals and systematically improves it.
Long-Run Profit
The sustained earning capacity of a company over an extended period, considering both fixed and variable costs.
Non-Value-Added Activity
Processes or tasks that consume resources but do not add value or enhance the product or service from the customer's perspective.
Partly Finished Production
Items or goods that have undergone some stages of the production process but are not yet complete.
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