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Technology May Be of Assistance to Organisations in Today's Complex

question 3

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Technology may be of assistance to organisations in today's complex business world when their work teams are characterised by:


Definitions:

Machine-Hours

A measure of production output or activity based on the number of hours machines are operational.

Work in Process

Goods that are under production but not yet finalized.

Raw Materials Transactions

Financial exchanges involved in purchasing the basic substances used in production processes.

Manufacturing Overhead

All indirect costs associated with manufacturing, including utilities, rent for the manufacturing facilities, and salaries of non-direct employees.

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