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When an Organization Develops Integrated Manufacturing Systems Such as Advanced

question 89

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When an organization develops integrated manufacturing systems such as advanced manufacturing technology and just-in-time inventory control,it needs to assess the employee skills required to run these systems and train them accordingly.These assessments and training programs intended to enable an organization to achieve its goals fall under


Definitions:

Intangible Assets

Assets that lack physical substance, such as patents, trademarks, goodwill, and copyrights, having value due to the rights and advantages they provide to a business.

Tangible Assets

Physical assets that have a concrete form, such as buildings, machinery, vehicles, and inventory.

Prospective Buyer

A potential customer who has demonstrated interest in purchasing a product or service, but has not yet completed the transaction.

Tangible Assets

Physical items of value owned by a company, such as machinery, buildings, or land.

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