The Objective of Layout Strategy Is To

question 269

Multiple Choice

The objective of layout strategy is to:

• A) minimize cost.
• B) develop an effective and efficient layout that will meet the firm's competitive requirements.
• C) maximize flexibility.
• D) minimize space used.
• E) maximize worker satisfaction.

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Definitions:

Strict Liability

Liability in which responsibility for damages is imposed regardless of the existence of negligence. Also called liability without fault.

CD's

Certificates of Deposit, a savings certificate with a fixed maturity date, specified fixed interest rate and can be issued in any denomination aside from minimum investment requirements.

Second Sale

The sale that occurs subsequent to an initial purchase, often used in retail or property contexts.

Number Series

A sequence of numbers in which there is a specific relationship or pattern between successive numbers.