A Situation in Which Resources Are Either Unused or Misallocated

question 159

Multiple Choice

A situation in which resources are either unused or misallocated or both is represented in a production possibilities frontier diagram by

• A)any point on either the horizontal or the vertical axis.
• B)a point above or to the right of the production possibilities frontier.
• C)a point outside the production possibilities frontier.
• D)a point inside the production possibilities frontier.
• E)a point on or inside the production possibilities frontier.

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Definitions:

Inspection Point

A specific location or stage in the production or supply process where quality or compliance checks are performed.

Supplier's Plant

The factory or production site belonging to a supplier where goods are manufactured or processed.

Poka-yoke

A Japanese term referring to a mistake-proofing technique or device designed to prevent errors by workers in manufacturing processes.