Explain the Term "Chunking

question 71

Short Answer

Explain the term "chunking."

---

Definitions:

Raw Materials

Basic materials that are used in the initial stages of the production process, which will be transformed into finished goods.

Inventory

The goods and materials held by a business for the purpose of sale, manufacturing, or production.

Plant Insurance

Insurance coverage specifically designed to protect the physical assets of a manufacturing or production facility, including buildings and machinery.

Indirect Materials

Materials used in the production process, but cannot be directly linked to a specific product.