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Which type of guidelines are suggested by AASB 1031?
Product Layout
An arrangement of equipment or workstations in the sequence that production operations are performed to manufacture a product.
Process Layout
An arrangement of workplace resources according to the sequence of production tasks, optimizing workflows and efficiency in manufacturing or service processes.
Long-Term Contractual Basis
Refers to agreements or commitments that extend over a prolonged period, usually exceeding one year, governing ongoing relationships or projects.
Component Parts
Individual items or pieces that are assembled with other parts to create a final product.
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