Which One of the Following Is Not an Example of a Hybrid

question 115

Multiple Choice

Which one of the following is not an example of a hybrid facility layout?

• A) fixed-position
• B) mixed-model
• C) cellular
• D) flexible manufacturing

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Definitions:

Marginal Revenue Product

The additional revenue generated from employing one more unit of a resource, all other factors being constant.

Resource Productivity

The ratio of output (goods and services) produced per unit of resource input, used to assess the efficiency of resource use.

Ceteris Paribus

A Latin phrase meaning 'all other things being equal,' used in economics to isolate the effect of one variable on another by holding all other relevant factors constant.

Resource Prices

The costs associated with the factors of production like labor, capital, land, and entrepreneurship used in the creation of goods or services.