________ Is the Administration of Transformation Processes That Create Value

question 73

Short Answer

________ is the administration of transformation processes that create value for customers by meeting their needs or enabling them to meet their own needs.

---

Definitions:

Process

A series of actions or steps taken in order to achieve a particular end, especially in the context of business operations or manufacturing.

Job Order Operations

A production system where costs are assigned to specific orders, lots, or batches.

Direct Labor

The financial outlay for remuneration of personnel directly associated with manufacturing products or offering services.

Production Department

The production department is a segment of a company responsible for the actual creation and assembly of the company's products.