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Without Planning for Variability,bottlenecks Can Arise

question 50

True/False

Without planning for variability,bottlenecks can arise. When bottlenecks appear,it is likely that a WIP buildup will occur.

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Definitions:

Base Year

A reference year used in economic index calculations, price comparisons, and economic data to account for the effects of inflation.

Unreported Income

Earnings not declared to tax authorities, often to evade taxation; part of the informal or shadow economy.

GNP

Gross National Product is the total dollar value of all goods and services produced over a specific time period by the nationals of a country, regardless of where the production takes place.

GDP

Gross Domestic Product; the total value of all goods and services produced over a specific time period within a country.

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