When Deciding to Make or Buy a Part Needed for the Manufacturing

question 90

True/False

When deciding to make or buy a part needed for the manufacturing process, management needs to consider whether the plant has excess production capacity available to make the part or if current production will need to be interrupted to manufacture the part.

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Definitions:

Bill

A statement of money owed for goods sold or services provided, typically specifying the total amount due and payment terms.

Inventory Transactions

Operations or activities involving the purchase, sale, or management of stock and merchandise in a business.

QBO

Stands for QuickBooks Online, an accounting software that helps in managing business finances in the cloud.

Products and Services List

A catalog in accounting or business software that enumerates all the items or services a company sells or manages.