WORK CENTER Definition

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WORK CENTER, normally, is an individual production area or sub-process of an overall manufacturing process.

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APPLICATION RATE is the quantity (mass, volume or thickness) of material applied per unit area.

PENSION MAXIMIZATION is a controversial strategy, often espoused by life insurance agents, of using insurance to augment a company benefit plan. Under this arrangement, a retiree takes pension payments for his or her own life only and buys life insurance to provide for a surviving spouse. Also known as pension max.

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