Which of the Following Is an Advantage or Characteristic of a Process

question 84

Multiple Choice

Which of the following is an advantage or characteristic of a process layout over a product layout when volumes are low?

• A) faster processing rates
• B) lower inventory
• C) less flexibility
• D) general- purpose and less capital- intensive resources

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Definitions:

Nationalized

Refers to industries or assets that have been transferred from private to government ownership.

Best Interest

A principle that guides decisions by prioritizing the benefits and welfare of those affected over other considerations.

Society

A community of individuals living together and interacting under shared norms, values, and institutions.

Profit Maximizes

The technique a firm uses to determine the most profitable price and quantity of production.