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The master production schedule states the number of items to be produced during
specific time periods.
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A traveler is an input to an airline's transformation system.
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Focus forecasting is the most accurate of all forecasting models.
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A free trade zone is typically a closed facility into which foreign goods can be brought
without being subject to the usual customs requirements.
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Synchronous manufacturing refers to the entire production process working together in
harmony to achieve the goals of the firm.
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MRP is a logical, easily understandable approach to the problem of determining the
number of parts, components and materials needed to produce each end item.
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The fact that organizations are flattening is one reason that projects are more crucial and
project management is important as a way to get things done.
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The difference between an assembly line process flow and a continuous process flow is
that the assembly line the flow is discrete rather than continuous.
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Measurement by attributes means taking a sample, measuring the attribute in question
and determining the level of quality in the population from which the sample was
drawn.
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Methods Time Management (MTM) and Most Work Measurement System (MOST) are
proprietary examples of Predetermined Motion-Time Data Systems (PMTS).
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Variable costs include expenses such as rent, property taxes, insurance payments and
salaries of top management.
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An operational goal of total quality management is the careful design of the product or
service.
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