Explain the Difference Between a Theory and a Hypothesis

question 84

Essay

Explain the difference between a theory and a hypothesis.Give an example of each.

Comprehend the principles of mass customization and its essential ingredients.

Recognize different types of diagrams and their uses in operational processes.

Know the impacts of ethical and environmental considerations in operational processes.

Understand the concept and applications of flexibility in manufacturing and service processes.

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Definitions:

Service Company

Business that provides a service.

Law Firm

A business entity formed by one or more lawyers to engage in the practice of law.

Manufacturer

Business that makes a product and sells it to its customers.

Accounting Organization

An entity or structured group that sets accounting standards, rules, and provides guidance for accounting practices and procedures.