Commonality of Components Is Beneficial for Manufacturing but Not for Services

question 82

True/False

Commonality of components is beneficial for manufacturing but not for services.

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Definitions:

Vendor Transaction

A business event that involves the purchase of goods or services from a supplier.

Expense

An outflow of money or other resources spent by a business or individual in the course of generating revenue.

Bill

An invoice or statement of charges for goods or services provided.

Account Payable

An obligation of a business to pay a short-term debt to its suppliers or vendors for goods or services received.