Five S Practices Can Be Applied to Both Manufacturing and Service

question 26

True/False

Five S practices can be applied to both manufacturing and service settings and can include offices, work spaces, tool rooms, and shop floors.

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Definitions:

Assessed Valuation

The dollar value assigned to a property by a public tax assessor for the purposes of taxation.

Tax Rate

The percentage at which an individual or corporation is taxed.

Valuation Rate

A rate used to determine the current or projected worth of an asset or a company.

Market Value

The current price at which an asset or service can be bought or sold in the marketplace.