The Assignment Method Is

question 10

Multiple Choice

The assignment method is:

• A) a method to highlight overloads in a given work center.
• B) a computerized method of determining appropriate tasks for an operation.
• C) a form of linear programming for optimally assigning tasks or jobs to resources.
• D) the same thing as the Gantt schedule chart.
• E) a method for achieving a balance between forward and backward scheduling.

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Definitions:

Excess Capacity

A situation where a company or economy can produce more goods or services than currently demanded, often leading to inefficiency and lower prices.

Excess Capacity

A scenario where a firm or industry has unused production resources, leading to inefficiencies and lowered profitability.

Productive Inefficiency

A situation where resources are not used in the most cost-effective way, resulting in a higher production cost than necessary.

Allocative Inefficiency

A situation where resources are not allocated efficiently, leading to a mismatch between what is produced and what consumers actually demand, causing wastage and loss of potential welfare.