The Principle That Reversible Reactions Will Be Driven from the Side

question 87

True/False

The principle that reversible reactions will be driven from the side of the equation where the concentration is lower to the side where the concentration is higher is known as the law of mass action.

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Definitions:

Lean Production

A manufacturing philosophy that focuses on minimizing waste within manufacturing systems while simultaneously maximizing productivity.

FIFO Method

"First In, First Out," an inventory valuation approach where goods first produced or purchased are the first to be sold, useful in managing inventory and cost of goods sold.

Equivalent Units

A concept in accounting used to apportion costs to partially completed goods, converting them into the number of finished goods units.

Activity-based Management

A management approach focusing on managing activities as a way to improve customer value and profit by improving the efficiency and effectiveness of those activities.