Which of the Following Is Concerned with the Distribution Part

question 155

Multiple Choice

Which of the following is concerned with the distribution part of resource allocation?

• A)An economy decides to produce equal quantities wheat, rice, and clothes.
• B)An economy decides to use 25% of the available capital for producing clothes.
• C)An economy decides to ration 40% of its output to low income groups.
• D)An economy decides to use more labor for producing wheat and rice.

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Definitions:

Lead Time

The amount of time it takes for an order to be fulfilled from the moment it is placed until it is received by the customer.

Kanban Size

The quantity of work or materials specified by a Kanban card, used in a pull system to control inventory and workflow.

Setup Cost

The expenses incurred to prepare equipment or processes for manufacturing an order or a batch of goods, including costs for adjusting machines, cleaning, and changing tooling.