One of the Best Known Computerized Packages Available for Designing

question 26

Multiple Choice

One of the best known computerized packages available for designing process layouts is CRAFT.CRAFT stands for

• A)computerized relationship activity and flow technique.
• B)computerized relative allocation of facilities technique.
• C)computerized relative assembly and flow technology.
• D)computerized relationship assembly flow time.

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Definitions:

Net Impact

The overall effect of transactions or events on the financial position of a company, often considered in decision-making and reports.

Accounting Principle

Fundamental guidelines or rules that govern the accounting practices and financial reporting of companies.

Accounting Estimate

An approximation of a monetary amount in the absence of a precise means of measurement.

Accounting Entities

Organizations or business units considered separate from their owners for accounting purposes.