Training Is a Vital Function of Operations Management

question 83

True/False

Training is a vital function of operations management.

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Definitions:

Direct Labor Hours

The total hours worked by employees directly involved in the manufacturing process of a company's products.

Finishing Rate

The pace at which a production process or construction project is completed, often measured in units per hour or days per project phase.

Machine Hours

A measure of the amount of time a machine is operated, used in cost accounting to allocate expenses to products.

Activity-Based Costing

A costing method that assigns overhead and indirect costs to related products and services based on their use of activities.