Which Is Not a Component of Facilities Planning

question 62

Multiple Choice

Which is not a component of facilities planning?

• A)location
• B)language spoken
• C)equipment
• D)layout of equipment and people
• E)structure and site

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Definitions:

Profit-maximizing

The strategy of adjusting input use and production output to achieve the greatest possible profit levels.

Marginal Revenue Product

The additional revenue generated by employing one more unit of a factor, like labor or capital, indicating the value of the marginal product of the factor.

Marginal Resource Cost

The additional cost incurred by using one more unit of a resource in production, contributing to decision-making about resource allocation.

Labor Demand Data

Information and statistics related to the number of workers that employers are willing and able to hire at different wage levels.