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When an Organization Develops Integrated Manufacturing Systems Such as Advanced

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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:

Proprietorship

A type of business entity owned and operated by one individual, where there is no legal distinction between the owner and the business.

Owner's Equity

The amount of ownership interest in a business, represented by the company's assets minus its liabilities.

Statement of Owner's Equity

A financial document that details the changes in the equity of a company over a specific period, including investments, withdrawals, and earnings.

Owner's Equity

The ownership stake of shareholders or owners in a company's assets, after all debts have been subtracted.

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