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The Great Recession was most similar to which of the following downturns?
Lean Production
A manufacturing methodology that focuses on minimizing waste within manufacturing systems while simultaneously maximizing productivity.
Work Centers
Specific locations within a manufacturing operation where specific tasks or groups of tasks are carried out.
Conversion Cost
The total cost of direct labor and manufacturing overhead to convert raw materials into finished goods.
Direct Materials
Raw materials that are directly traceable to the manufacturing of a specific product and constitute a significant portion of the production costs.
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