A Technique for Implementing Industrial Policies That Probably Worsened the Effects

question 25

Multiple Choice

A technique for implementing industrial policies that probably worsened the effects of the 1997 crisis was

• A)directed credit.
• B)protection from imports.
• C)export subsidies.
• D)research subsidies.

Understand key dispatching rules and their application in scheduling.

Evaluate the performance of different scheduling rules based on average flow time, work-in-process, lateness, and makespan.

Calculate critical ratios for job sequencing.

Apply Johnson's rule to find the optimal job sequence for minimizing makespan in a two-machine system.

---

Definitions:

Inventories Deferred

Inventories or stock that are postponed or delayed from being recognized in the financial statements.

Variable Costing

An accounting method that includes only variable production costs (direct materials, direct labor, and variable manufacturing overhead) in the cost of goods sold, excluding fixed overhead.

Variable Costing

Variable costing is a costing method that includes only variable production costs (direct materials, direct labor, and variable manufacturing overhead) in product costs.

Fixed Manufacturing Overhead

Consistent costs associated with manufacturing that do not vary with the level of production, such as rent and salaries of managers.