Which of the Following Is False regarding Repetitive Processes

question 54

Multiple Choice

Which of the following is False regarding repetitive processes?

• A) They use modules.
• B) They allow easy switching from one product to the other.
• C) They are the classic assembly lines.
• D) They have more structure and less flexibility than a job shop layout.
• E) They include the assembly of basically all automobiles.

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Definitions:

Total Product

The overall quantity of output that a firm produces, usually within a given period of time.

Marginal Product

The rise in output due to an extra unit of input.

Marginal Product

The additional output that can be produced by adding one more unit of a specific input, keeping all other inputs constant.

Marginal Profit

The rise in earnings achieved by selling an extra unit of a product or service.