Final answer:
Repairable items authorized for removal, repair, or condemnation based on cost considerations.
Step-by-step explanation:
The subject of this question is Business and pertains to the topic of Inventory Management.
Defined as those repair parts that are authorized for removal, repair, or condemnation at either the organizational or the intermediate maintenance level based on the component maintenance plan and on a comparison of replacement and depot level repair costs are known as Repairable Items.
Repairable items are typically found in organizations that have a maintenance department responsible for the upkeep of equipment and machinery. The decision to remove, repair, or condemn a repairable item is based on cost considerations such as comparing the cost of replacing the item with a new one versus repairing it at an intermediate maintenance level or sending it to a depot for repair.