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The Process of Improving Performance and Constantly Eliminating Waste Is

question 17

Short Answer

The process of improving performance and constantly eliminating waste is known as __________ .


Definitions:

Fixed Overhead Budget

A financial plan that outlines the expected fixed costs that are not dependent on the level of goods or services produced by the organization.

Unexpected Increase

A sudden and unforeseen rise in metrics such as costs, sales, or price levels that was not anticipated as part of the regular business planning process.

Factory Rent

The cost associated with leasing a facility used for production or manufacturing operations.

Electricity Rate

The price per unit of electric power, which can vary depending on the supplier, region, and the structure of the pricing plan.

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