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Financial Terms | |
Lean production |
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Definition of Lean productionLean productionThe technique of stripping all non-value-added activities from
Related Terms:Aggregate Production FunctionAn equation determining aggregate output as a function of aggregate inputs such as labor and capital. Clean FloatA flexible exchange rate system in which the government does not intervene. Clean opinionAn auditor's opinion reflecting an unqualified acceptance of a company's financial statements. Clean priceBond price excluding accrued interest. cost of production reporta process costing document that economic production run (EPR)an estimate of the number equivalent units of production (EUP)an approximation of the number of whole units of output that could have been ![]() Factor of ProductionA resource used to produce a good or service. The main macroeconomic factors of production are capital and labor. Flat price (also clean price)The quoted newspaper price of a bond that does not include accrued interest. Non-production overheadA general term referring to period costs, such as selling, administration and financial expenses. Process flow productionA production configuration in which products are continually Production-flow commitmentAn agreement by the loan purchaser to allow the monthly loan quota to be Production overheadA general term referring to indirect costs. Production payment financingA method of nonrecourse asset-based financing in which a specified Production yield varianceThe difference between the actual and budgeted proportions UNITS OF PRODUCTIONA depreciation method that relates a machine’s depreciation to the number of units it makes each Related to : financial, finance, business, accounting, payroll, inventory, investment, money, inventory control, stock trading, financial advisor, tax advisor, credit. |