Using Color Coded Wires to Reduce Mistakes Associated with Assembling

question 57

True/False

Using color coded wires to reduce mistakes associated with assembling complex electronic products is an example of poka-yoke.

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Definitions:

Entrepreneurs

Individuals who initiate, manage, and take on the risks of a business or enterprise.

Fixed Salary

A consistent set amount of pay received by an employee, typically on a monthly or bi-monthly basis, regardless of hours worked.

Business Risk

The potential for a company to experience losses or fail to achieve its financial goals due to economic conditions, operational issues, or other unforeseen factors.

Economic Profit

The total revenue a firm earns minus both its explicit and implicit costs, representing surplus value created from production.