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Define and Describe the Function and Interrelationship of a Drum,drum

question 79

Essay

Define and describe the function and interrelationship of a drum,drum buffer,and a capacity constraint buffer in CCPM.


Definitions:

Corporation

A legal entity that is separate and distinct from its owners, offering limited liability to its shareholders, and is capable of owning property, being liable, and suing or being sued.

General Partnership

A business arrangement where two or more individuals share ownership and the responsibility for managing the business and its debts.

Sole Proprietorship

A business structure where the business is owned and run by one individual, where there is no legal distinction between the owner and the business entity.

Partnership

A business formed by two or more co-owners.

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