Myra Operates a Punch Press on a Production Line

question 107

Multiple Choice

Myra operates a punch press on a production line.Because she is slower than the operators both before and after her in the process, work stacks up at her press.This is known as a _________:

• A)bottleneck
• B)constraint
• C)defect
• D)hazard

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Definitions:

Operating Lease

A lease agreement that allows the use of an asset but does not convey rights of ownership to the lessee; expenses are typically reported as operating expenses in the income statement.

Operating Lease

A lease agreement allowing a lessee to use an asset temporarily without ownership, typically involving regular payments for a short to medium term.

Liability

Financial obligations or debts that a company or an individual owes to others, which are expected to be settled in the future.

Capital Lease

A lease agreement that grants the lessee control over an asset, and is recorded as an asset on their balance sheet, essentially treating it like a purchase.