Which of the Following Statements Is Most True

question 27

Multiple Choice

Which of the following statements is most true?

• A) Product layouts are flexible; process layouts are efficient.
• B) Product layouts are efficient; process layouts are flexible.
• C) Product and process layouts are equally flexible; neither are efficient.
• D) Product and process layout are equally efficient; neither are flexible.

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Definitions:

Asset

An economic resource that is expected to provide benefits to the owner in future periods.

Default Risk Premiums

The additional yield that investors require to hold debt that has a risk of default over a risk-free debt instrument.

Yield

Yield is the earnings generated and realized on an investment over a particular period of time, expressed as a percentage of the investment’s cost or current market value.

Treasury Bond

A long-term government bond with a maturity of more than 10 years used to fund federal expenditures.