A Capital-Intensive,repetitive Continuous Process Operation Uses a __________ Layout

question 19

Multiple Choice

A capital-intensive,repetitive continuous process operation uses a __________ layout.

• A) product
• B) process
• C) cellular
• D) fixed-position

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Definitions:

Contra-Revenue

Accounts on the income statement that are deducted from gross revenue to arrive at net revenue, including sales returns, allowances, and discounts.

Discount Period

The timeframe during which a payment can be made at a reduced price or with a deduction from the full invoice amount.

Sales Discounts

A reduction in the sale price offered by a seller to a buyer for prompt payment or within a specific time period.

Accounts Receivable

Customers' financial commitments to a firm for goods or services taken, pending reimbursement.