Which of the Following Is One of the Major Functions

question 31

Multiple Choice

Which of the following is one of the major functions of shop-floor control?

• A) Observing the priorities set for each shop order
• B) Keeping work-in-process inventory out of the way
• C) Conveying shop-order status information to the office
• D) Controlling cost and materials waste
• E) Keeping the workforce fully utilized

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Definitions:

Firm's Costs

The expenditures incurred by a company in the process of producing goods or services, including both fixed and variable costs.

Input Decisions

Concerns the selection and use of resources, such as labor, materials, and capital, that are required for the production of goods or services.

Long Run

A period in which all factors of production and costs are variable, allowing firms to adjust fully to changes.

Lemonade Stand

A small business venture, often used as an example for basic business principles, where lemonade is sold, typically by younger entrepreneurs.