Process Design Can Increase Production Flexibility in a Variety of Ways.Which

question 33

Multiple Choice

Process design can increase production flexibility in a variety of ways.Which of the following is not a technique used for this purpose?

• A)Reduce setup time
• B)Cross train workers
• C)Use a few large machines
• D)Use safety stocks
• E)Keep some idle capacity

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Definitions:

Effective Rate

The actual interest rate on a loan or investment, taking into account the effect of compounding over a given period of time.

Discount Rate

The interest rate used in discounted cash flow analysis to determine the present value of future cash flows, reflecting the risk and time value of money.

Yearly Payments

Payments made once per year, often related to loans, annuities, or insurance policies.

Effective Annual Rate

The interest rate on an investment or loan over a year, taking into account the effect of compounding.