In a Product-Oriented Layout, the Process of Deciding How to Assign

question 148

Multiple Choice

In a product-oriented layout, the process of deciding how to assign tasks to workstations is referred to as

• A) station balancing
• B) process balancing
• C) task allocation
• D) line balancing
• E) work allocation

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Definitions:

Producer Surplus

The difference between the amount producers are willing to sell a good for and the amount they actually receive.

Price Ceiling

A government-imposed limit on how high a price is charged for a product, service, or commodity, intended to protect consumers from high prices.

Persistent Shortage

A situation where the demand for a good or service consistently exceeds its supply, over a significant period of time.

Deadweight Loss

The loss of economic efficiency when the equilibrium for a good or a service is not achieved or is not achievable.