The Use of a Part-Time Workforce to Increase the Capacity

question 93

True/False

The use of a part-time workforce to increase the capacity flexibility by enabling the firm to have more people at work during peak periods is designing product flexibility into the production processes.

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Definitions:

Chebysheff's Theorem

A theorem that provides a minimum proportion of observations that lie within a specified number of standard deviations from the mean, applicable to all distributions.

Standard Deviations

A measure that indicates the amount of variation or dispersion from the average in a set of data.

Geometric Mean

The nth root of the product of n numbers, used especially for sets of positive numbers.

Standard Deviation

A measure that quantifies the amount of variation or dispersion of a set of data values from the mean.