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By about 1950,most of the people in the U.S.labor force had which type of jobs?
Lean Production
A management approach that organizes resources such as people and machines around the flow of business processes and that only produces units in response to customer orders.
Inventories
Items such as raw materials, work-in-progress, and finished goods that a company holds for sale in the ordinary course of business.
Net Operating Income
The total profit of a company after operating expenses are subtracted from total revenue but before deducting taxes and interest.
Absorption
The process in cost accounting of allocating all manufacturing costs, both fixed and variable, to individual units of production.
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