Matching the Production Rate to the Order Rate by Hiring

question 13

Multiple Choice

Matching the production rate to the order rate by hiring and laying off employees as the order rate varies is which of the following pure production planning strategies?

• A) Stable workforce, variable work hours
• B) Chase
• C) Level
• D) Meeting demand
• E) Minimizing inventory

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Definitions:

Statute of Frauds

A legal requirement for certain types of contracts, such as those involving real estate, to be in written form to be valid.

Sales Contracts

Sales contracts are formal agreements between a buyer and seller detailing the terms of a transaction of goods or services.

Retail Arena

The overall retail environment or marketplace where businesses sell goods and services to consumers.

UCC

The Uniform Commercial Code, a set of laws that provide legal rules and regulations governing commercial or business dealings and transactions in the United States.