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What Is NOT True About Standardization

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What is NOT true about standardization?


Definitions:

Over Time Cost

Expenses incurred from working beyond normal working hours, including higher wages for employees and additional operational costs.

Inventory Management

The process of ordering, storing, and using a company's inventory, including raw materials, components, and finished products.

Predictable Variability

Variations or changes in processes or systems that can be forecasted with a degree of reliability based on historical data.

Demand

The amount of a product or service that customers are willing and able to purchase at a given price in a specific market context.

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