Identify the Five Major Tools of Process Analysis and Design

question 118

Essay

Identify the five major tools of process analysis and design. Describe them in a sentence or two each.

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Definitions:

Net Operating Income

The total profit of a business after operating expenses are subtracted from gross profit.

Estimated

Pertaining to figures or values that are approximations or predictions based on available data or trends.

Raw Material

The basic material from which a product is made, essential for the manufacturing process.

Direct Labor Costs

The total expenditure on labor directly involved in the manufacturing process of goods or services.