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Jay, a ten-year-old-boy, is standing on the sidelines of a football pitch and calling out suggestions to his friends who are playing football. In this scenario, Jay is engaged in _____.
Unused Capacity
The available production capability that is not being utilized by a company.
Capacity
It is the maximum level of output that a company can sustain to produce in a given period under normal conditions.
Job-Order Costing
A costing methodology that calculates the cost of individual jobs or batches, useful in manufacturing or service industries where jobs are distinct and have varying requirements.
Automated Shaper
A machine tool that uses computer control to shape or cut materials with precision, often used in manufacturing.
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