In JIT/lean Systems "Preventive Maintenance" Is Designed to Provide a Rapid

question 37

True/False

In JIT/lean systems "preventive maintenance" is designed to provide a rapid response after a breakdown has occurred to get the equipment back on line as fast as possible.

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Definitions:

Market Price

The present cost at which a service or asset is available for purchase or sale in a specific market.

Face Value

The nominal or original value of a security or financial instrument as stated by the issuer, crucial for calculating interest payments for bonds.

Real Return

The return on an investment after adjusting for inflation, representing the actual purchasing power gained or lost.

Inflation

The speed at which the total price for goods and services escalates, lessening the purchasing force.