In Intermittent Manufacturing, Goods Are Not Made Continuously as in a Flow

question 7

True/False

In intermittent manufacturing, goods are not made continuously as in a flow system but are made at intervals in lots or batches.

Comprehend the benefits of mass production and its limitations for custom items.

Understand the role of benchmarking in continuous improvement.

Recognize the impact of facility design and efficiency in production management.

Understand the impact of cognitive processes on memory recall, including the primacy and recency effects.

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Definitions:

Negative Externality

A cost that is suffered by a third party due to an economic transaction that they were not involved in.

Well-Being

The state of being comfortable, healthy, or happy, reflecting the overall quality of a person's life.

Compensation

The total amount of the monetary and non-monetary pay provided to an employee by an employer in return for work performed as required.

Market Equilibrium

A situation in which the quantity of a product demanded by consumers equals the quantity supplied by producers, leading to a stable price.