In Lean Operations, When Work Is Completed at One Work

question 104

True/False

In lean operations, when work is completed at one work center, it is important to immediately move the completed work to the next work center to minimize idle time.

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Definitions:

Useful Life

The estimated period over which an asset is expected to be usable by the entity owning it, for its intended purpose.

Traceable Fixed Expense

Fixed costs that can be directly linked to a specific department, product, or segment and would disappear if the related operation ceased.

Traceable Fixed Expense

Fixed costs that can be directly linked to a specific business segment and would disappear if the segment was discontinued.

Price Reduction

The act of lowering the selling price of goods or services, often to stimulate demand, clear out inventory, or respond to market competition.