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The First Step in Calculating the Return on Investment for a Sampling

question 2

True/False

The first step in calculating the return on investment for a sampling investment is to calculate the total cost of sampling.


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Production System

A system that encompasses all activities, resources, and processes involved in the production of goods or services.

Toyota Production System

A highly efficient and integrated approach to production and manufacturing, emphasizing waste reduction, continuous improvement, and customer focus.

Built-in

Embedded or integrated directly into something, not separate or removable.

Automatic Tests

Tests that are executed by software tools which automatically perform a set of instructions to validate the behaviour or performance of an application or system.

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