A Continuous Production Process Has All of the Following Characteristics

question 79

Multiple Choice

A continuous production process has all of the following characteristics EXCEPT:

• A)low cost per unit
• B)easy scheduling
• C)standardized parts
• D)long production runs
• E)low volume

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Definitions:

Tax Levied

A compulsory financial charge or a type of fee imposed by a governmental organization upon individuals or entities to fund government spending and various public expenditures.

Deadweight Loss

A reduction in economic productivity that arises when a good or service does not reach or cannot reach its market equilibrium.

Administrative Burden

The administrative and regulatory obligations that organizations must follow, often involving substantial paperwork and compliance efforts.

Tax System

The structured method by which governments impose financial charges on citizens, businesses, and property to fund public expenditures.