A Method of Process Manufacturing in Which Subunits Pass Through

question 16

Short Answer

A method of process manufacturing in which subunits pass through different sequential processes before being brought together in a final process.

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Definitions:

Trustee

A person licensed to receive and dispose of the assets of a bankrupt, then distribute the proceeds to the creditors.

Beneficiary

An individual or entity entitled to receive benefits or assets from a trust, will, or life insurance policy.

Statutory Assignment

The transfer of rights or interests in a particular matter as authorized and regulated by statute.

Equitable Assignment

A transfer of rights or benefits from one party to another, recognized by equity courts even if not formally executed.