Which of the Following Are Methods of Reducing Manufacturing Lead

question 13

Multiple Choice

Which of the following are methods of reducing manufacturing lead time?
I. Subcontracting
II. Forward scheduling
III. Operation overlapping
IV. Operation splitting

• A) all of the above
• B) I and II
• C) I and III
• D) II and III
• E) III and IV

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Definitions:

Profit-maximizing Output

The level of production at which a firm achieves the highest possible profit, where marginal revenue equals marginal cost.

Higher Prices

An increase in the cost that consumers must pay to purchase goods or services.

Income Redistribution

The transfer of income from certain individuals or groups to others through mechanisms like taxes, welfare programs, and subsidies, aimed at reducing economic inequality.

Economic Profit

The gap between a company's overall earnings and all its expenses, comprising both direct and indirect costs.