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A poka-yoke is any foolproof device that prevents defects or injury from occurring.
Fixed Costs
Costs that remain constant in total regardless of changes in the activity level within a relevant range.
Fixed Costs
Costs that do not vary with the level of output or sales in the short term, such as lease payments, insurance, and salaries of permanent staff.
Variable Costs
Costs that change in proportion to the level of production or sales volume.
Operating Income
Earnings before interest and taxes, representing a company's profit from its core business operations.
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