In a Fixed-Position Layout the Product Under Manufacture Remains in One

question 25

True/False

In a fixed-position layout the product under manufacture remains in one location and the required tasks and equipment are brought to it.

---

Definitions:

Estimated Value

An approximation of the monetary worth of an asset, liability, or a business, determined through analysis or professional judgment.

Fixed Asset

Long-term tangible property owned by a business, used in its operations and not expected to be consumed or converted into cash in the short term.

Acquisition Cost

The total cost incurred to acquire an asset, including the purchase price and all other expenses necessary to bring the asset to its intended use.

Equipment

Tangible assets used in the operation of a business, such as machinery, computers, and furniture, which are not intended for sale.