A Conveyance __________ Signals Parts Movement

question 102

Multiple Choice

A conveyance __________ signals parts movement.

• A)andon
• B)routing
• C)WIP
• D)kanban
• E)kaizen

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Definitions:

Price Ceiling

A government-imposed limit on how high a price can be charged for a product, service, or resource, usually to protect consumers.

Price Floor

A government or regulatory minimum price that must be paid for a good or service, intended to prevent prices from falling too low.

Shortage

A market condition where demand exceeds supply.

Surplus

A situation where the quantity of a good or service supplied exceeds the quantity demanded, often resulting in excess stock and potential price reductions.