Which Type of Company Would Most Likely Use a Process

question 42

Multiple Choice

Which type of company would most likely use a process costing system?

• A) Chemical producer
• B) Custom furniture maker
• C) Printer
• D) Ship builder

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Definitions:

Lean Production

A manufacturing principle focused on minimizing waste and maximizing efficiency and productivity by streamlining processes and improving quality.

Manufacturing Technology

refers to the broad set of engineering and technological practices used in the production of goods and services, involving both hardware and software innovations to improve efficiency and product quality.

Production Efficiencies

are measures of how well resources are used and managed in the production process to maximize output.

Remanufacturing

Remanufacturing is the process of refurbishing used products to a like-new condition, often involving disassembly, cleaning, repairing, replacing parts, and reassembly.