As One of the Seven Sources of Manufacturing Wastes, Overproduction

question 54

Multiple Choice

As one of the seven sources of manufacturing wastes, overproduction refers to:

• A) the movement of components and parts not associated with their transformation.
• B) components or products which are not being processed.
• C) a component or a product that requires more time to process than the standard estimate.
• D) the failure to provide clear instructions for any stage of the service environment.
• E) generating more than the customer wants at a particular point in time.

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Definitions:

Production Function

A mathematical model that describes the relationship between inputs used in production and the resultant output of goods or services.

Labor

Workforce or employment involved in the creation of goods and services within an economy.

Demand Curve

A graph showing the relationship between the price of a good and the quantity of that good that consumers are willing to purchase at different prices.

Labor Supply Curve

Represents the relationship between the quantity of labor supplied and the wage rate in a given period.