A Party Delegating His Duty to a Third Party Is

question 69

True/False

A party delegating his duty to a third party is known as a delegator.

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Definitions:

Modular Design

refers to creating complex products from interchangeable parts or modules, allowing for easier assembly, repair, and customization.

Mass Customization

A manufacturing approach that allows for the production of personalized goods at mass production prices by leveraging flexible processes.

Postponement Strategy

A supply chain strategy that delays the final assembly or customization of a product until the latest possible time to reduce inventory costs and respond to specific customer demands.

Time-function Mapping

A process analysis tool that visually represents a process's steps over time, helping identify delays, redundancies, and opportunities for improvement.