Which of These Manufacturing Processes Is Most Likely Dictated by the Physical

question 39

Multiple Choice

Which of these manufacturing processes is most likely dictated by the physical characteristics of the product being produced?

• A) job shop
• B) batch
• C) production line
• D) continuous flow

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Definitions:

Efficiency

The optimal allocation of resources to produce the maximum amount of goods and services, with the least waste of resources.

Pareto Optimality

Pareto Optimality is a state of allocation of resources in which it is impossible to make any one individual better off without making at least one individual worse off.

Income Distribution

Income Distribution refers to the way in which total income is shared among the members of a society.

Capital Flow

The movement of money for the purpose of investment, trade, or business production, either within a country (domestic capital flow) or across national borders (international capital flow).