In Studying the Product-Process Matrix Describing Layout Strategies, Which of the Following

question 3

Multiple Choice

In studying the product-process matrix describing layout strategies, which of the following is most appropriate?
I. As you move from project to manufacturing cell to continuous process, product volume increases while standardization increases.
II. As you move from project to manufacturing cell to continuous process, product volume decreases while standardization decreases.
III. As you move from project to manufacturing cell to continuous process, product volume increases while standardization decreases.
IV. As you move from project to manufacturing cell to continuous process, product volume decreases while standardization increases.

• A) I
• B) II
• C) III
• D) IV
• E) I and II

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Definitions:

Face Value

The nominal or dollar value stated on a financial instrument, such as a bond or stock, representing its worth at issuance or maturity.

Present Value

The current worth of a future sum of money or stream of cash flows given a specified rate of return.

Market Price

The present rate at which a service or asset is available for purchase or sale on the market.