Group Technology (GT) Is Credited with Which of the Following

question 74

Multiple Choice

Group technology (GT) is credited with which of the following benefits?

• A) Reducing waiting time between process operations
• B) Improving inventory discipline
• C) Reducing required workforce skills
• D) Improved labor relations
• E) Improved small group functioning

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Definitions:

Return On Investment

A measure of the profitability of an investment, calculated as the net profit from the investment divided by its initial cost.

Sales Dollars

The total revenue generated from the sale of goods or services, typically reported in a company's financial currency.

Service Department Costs

Expenses related to the departments that support the main operations of a business but do not directly generate revenue, such as human resources or maintenance.

Allocating

The process of assigning costs or resources among various projects, departments, or segments.