All of the Following Are Characteristics of Batch Processing Except

question 89

Multiple Choice

All of the following are characteristics of batch processing except

• A)each item in the batch is similar
• B)batches are produced in accordance with detailed customer specifications
• C)batches are produced to replenish depleted inventory levels
• D)setting up and retooling is required for different batches

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Definitions:

Milton Friedman

An influential American economist known for his strong advocacy of free-market capitalism and for his role in the Chicago School of Economics.

John Maynard Keynes

A British economist whose theories on the importance of government intervention in economies during downturns led to the development of Keynesian economics.

Marginal Propensity

The ratio of the change in an economic agent's consumption as a result of a change in income, influencing saving and spending habits.

Save

To allocate income or resources for future use instead of immediate consumption, often by placing it in some form of a bank account or investment.