Why Are the Generating and Focusing Tools Important in CPS

question 5

Multiple Choice

Why are the generating and focusing tools important in CPS:

• A)Using them eliminates the need for a specific problem statement.
• B)Generating tools make up some CPS stages and focusing tools make up the other CPS stages.
• C)Using these tools helps you in applying creative and critical thinking in harmony.
• D)These tools replace the role of knowledge and information in CPS.

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Definitions:

First-In, First-Out

A different articulation denoting an inventory management system where goods first added to inventory are the first to be sold.

Work In Process

Inventory that includes the materials, labor, and overhead that are in the process of being transformed into finished goods.

Process Cost System

A cost allocation system aimed at similar goods mass-manufactured continuously.

Work In Process Inventory

Inventory that includes all partially completed goods that are still in the production process.