Asked by Daniel Klucker on Jun 10, 2024
Verified
To ensure maximum return for its investment,the process and procedures for selling scrap and surplus must cover a broad range of activities including segregation and storage,weighing and measuring,delivery,negotiation,supplier selection,and payment.
Scrap Disposal
The process of removing, processing, and recycling waste materials generated during manufacturing or consumption.
Investment Return
The profit or loss on an investment over a specified period, expressed as a percentage of the investment's cost.
Segregation and Storage
The practice of keeping different types of materials or products separate, along with organizing and maintaining them in a designated area.
- Discern the parts and significance of effective management of waste and scrap in production workflows.
Verified Answer
JW
Jordan WaldropJun 10, 2024
Final Answer :
True
Explanation :
The statement is true as it highlights the various activities that need to be covered in the process and procedures for selling scrap and surplus to ensure maximum return on investment.
Learning Objectives
- Discern the parts and significance of effective management of waste and scrap in production workflows.