Activity-Based Management and Lean Operations Can Be Used Either Together

question 10

True/False

Activity-based management and lean operations can be used either together or separately to eliminate waste and manage activities.

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Definitions:

Liquidate

To convert assets into cash, often in the context of closing a business or paying off debt.

Abstract Words

Abstract words represent concepts or ideas that do not have a physical form, making them subjective and often open to interpretation.

Attendance Record

Documentation or tracking of presence or absence of individuals from events, classes, meetings, or workplaces, often used for administrative, legal, or operational purposes.

Semi-automatic

Refers to a machine or process that requires partial human intervention amongst automated mechanisms.