Which of the Following Is a Criterion That Influences Manufacturing

question 14

Multiple Choice

Which of the following is a criterion that influences manufacturing plant or warehouse facility location decisions?

• A) Proximity to customers
• B) Corporate policy
• C) Competitor's locations
• D) Competitive advantage
• E) Host-community politics

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Definitions:

FIFO Method

A method in accounting for managing inventories and financial matters where the first items placed in inventory are the first ones to be used or sold.

Equivalent Units

A concept used in cost accounting to express the amount of work done by an incomplete production process on units of output, converted into an equivalent number of fully completed units.

FIFO Method

"First In, First Out," an inventory valuation method where goods first added to inventory are the first ones to be sold.

Weighted-Average Method

A technique used in various contexts, such as inventory valuation and cost accounting, that calculates an average taking into account the proportionate importance of each component.