XYZ Project Organization Has One Workstation That Is Capable of Generating

question 85

Multiple Choice

XYZ project organization has one workstation that is capable of generating the drawings that their clients study before accepting XYZ's bid.XYZ is currently in the midst of three proposal projects and knows exactly when it will need to use the workstation.All other work to be done,both before and after the workstation is used,is scheduled such that it flows to the workstation and keeps it busy.Resources used after this step are less critical;so while the subsequent work and resources are important,they aren't viewed with the same reverence as the workstation.This is an example of:

• A)Identifying a constraint.
• B)Elevating a constraint.
• C)Subordinating a system.
• D)Exploiting a constraint.

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Definitions:

Demand

The quantity of a product or service that consumers are willing and able to purchase at various prices during a specified period.

Quantity Demanded

The total amount of a good or service that consumers are willing and able to purchase at a given price level within a specified time period.

Economic Theory

A set of principles and models that explains how economies operate and how economic agents interact.

Inelastic

A term describing a situation where the demand or supply for a good or service is relatively unresponsive to changes in price.