Roger Hemingway Is Analyzing Regional Differences in Seeking a Location

question 47

Multiple Choice

Roger Hemingway is analyzing regional differences in seeking a location for a new firm. He just read a Wall Street Journal article that ranked states according to the favorability of tax laws. Based on this information, he has decided to give further attention to one of the best states, which is

• A) Wyoming.
• B) Massachusetts.
• C) Ohio.
• D) New York.

---

Definitions:

Lot Size

The quantity of a particular product that is produced or purchased at one time, influencing inventory levels and production planning.

Kanban Systems

A method for managing work and inventory with visual signals to indicate when new work should start or when inventory should be replenished.

Safety Stock

Inventory kept on hand to protect against stockouts caused by variations in supply and demand.

Lead Time

The total time that elapses from the initiation of a process or order until its completion, often used in manufacturing and project management to measure efficiency.