Flexible Resources Is One of the Basic Elements of Lean

question 59

True/False

Flexible resources is one of the basic elements of lean production.

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Definitions:

Indirect Materials

Materials used in the production process that cannot be directly linked to a specific product.

Flexible Budget

A budget that adjusts or varies with changes in volume or activity, allowing for more accurate budgeting and control in dynamic environments.

Spending Variance

The difference between the actual amount spent and the budgeted amount, which can be either favorable or unfavorable.

Catering Supplies

Items and ingredients purchased and used in the operation of a catering service, encompassing food, beverages, and non-food items like utensils and napkins.