Which of the Following Best Explains 'Engineering and Make to Order

question 21

Multiple Choice

Which of the following best explains 'engineering and make to order (ETO) '? 

• A) Only raw materials and components are kept in stock. 
• B) All activities are planned based upon customer order. 
• C) There is no stock held at all the purchase and order of materials takes place on the basis of the specific customer order. 
• D) Manufacture takes place based on forecasts and final assembly takes place based on customer orders.

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Definitions:

Fed Targets

The economic objectives that the Federal Reserve aims to achieve through its monetary policy, including stable prices, maximum employment, and moderate long-term interest rates.

Interest Rate

The percentage charged on the total amount of borrowed money or earned through investments, indicating the cost of credit or yield.

Monetary Policy

The process by which a central bank or monetary authority manages the money supply and interest rates to achieve macroeconomic objectives such as controlling inflation, consumption, growth, and liquidity.

Money Supply

The entirety of monetary valuables available in an economy at any chosen time, featuring cash in the form of coins and notes, along with the sums in checking and savings accounts.