Layout Choices Must Be Closely Tied to Flow Strategy

question 35

Multiple Choice

Layout choices must be closely tied to flow strategy.Which one of the following firms is most likely to select a process layout?

• A) a construction company that builds dams and bridges
• B) an airplane company that assembles airplanes
• C) an automated car wash
• D) a machine tool manufacturer who produces customized machine tools

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Definitions:

Revenue Recognition

The accounting principle that dictates the process and timing by which revenue is recorded and recognized as income on the financial statements.

Specific Industry Guidance

Regulations and recommendations tailored to the operating practices and challenges of particular sectors.

GAAP

Short for Generally Accepted Accounting Principles, a set of rules and standards designed to ensure consistency in financial reporting.

IFRS

International Financial Reporting Standards – a set of accounting standards developed by the International Accounting Standards Board (IASB) guiding the financial reporting of companies.