An Activity Where the Parts That Go into Each Unit

question 36

Multiple Choice

An activity where the parts that go into each unit of a product are periodically removed from inventory and accounted for based on the number of units produced is called which of the following?

• A) Frozen window
• B) Backflush
• C) Level schedule
• D) Group technology
• E) Kanban

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Definitions:

Total Output

The total quantity of goods and services produced within an economy at a given overall price level and within a specified period.

Equilibrium

A state in which market supply and demand balance each other, and, as a result, prices become stable.

Aggregate Demand

The aggregate need for every good and service within an economy, measured at a certain fixed price level during a specific time frame.

Aggregate Supply

Aggregate supply is the total supply of goods and services that firms in a national economy plan on selling during a specific time period, under a given price level.