Roundabout Production Occurs When

question 145

Multiple Choice

Roundabout production occurs when

• A)entrepreneurs hire others to work for them, rather than taking the time to produce things themselves
• B)workers avoid intermediary entrepreneurs and cooperate to produce output themselves
• C)inefficient technology is used
• D)producers make capital goods instead of consumption goods
• E)a company takes time to market shares in the company

Understand the concepts of mass customization and process improvement strategies.

Identify ethical and environmentally friendly process strategies.

Describe strategies for achieving operational flexibility.

Understand the role and composition of repetitive manufacturing.

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Definitions:

Nara

A city in Japan known for its historic temples and artwork from the Japanese Nara period (710-794).

Muromachi

A period in Japanese history (1336-1573) characterized by the cultural achievements and military conflicts during the rule of the Ashikaga Shogunate.

Edo

The historical name for Tokyo during the period from 1603 to 1868, when it was the seat of the Tokugawa shogunate in Japan.

Hokusai

A Japanese artist, ukiyo-e painter, and printmaker of the Edo period, known for the iconic woodblock print series "Thirty-Six Views of Mount Fuji".