A Department That Is Responsible for Maximizing Revenues Is Known

question 148

True/False

A department that is responsible for maximizing revenues is known as a profit center.

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Definitions:

Machine-Hours

An indicator of the time spent in production, calculating the duration in hours that machinery is active during the manufacturing cycle.

Direct Labor-Hours

The accumulated hours spent by workers directly involved in manufacturing activities.

Forming

A manufacturing process used to shape metal or other materials using a combination of pressure and tooling.

Assembly

The process of putting together various components to create a finished product.