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The Most Effective Way to Identify Any Problems That May

question 25

Multiple Choice

The most effective way to identify any problems that may occur when implementing a plan is to:


Definitions:

Return On Investment

A performance measure used to evaluate the efficiency of an investment or to compare the efficiency of multiple investments.

Move Time

The duration it takes to transfer materials or products from one phase of production to another.

Non-value-added Time

Time spent during the production process that does not directly contribute to the final value or quality of the product.

Return On Investment

A performance measure used to evaluate the efficiency or profitability of an investment, calculated by dividing the net profit from the investment by its cost.

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