A Job in Which a Quantity of Products Is Ordered

question 71

Multiple Choice

A job in which a quantity of products is ordered by a single customer is more likely to be an example of:

• A)the pull method of production.
• B)the resource-based method.
• C)the push method of production.
• D)the lean method of production.

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Definitions:

Reduces

Reduces refers to the act of making something lesser in size, amount, or degree.

Present Value

The actual value now of future money amounts or cash inflows based on a defined rate of yield.

Earnings Rate

The rate at which a company or investment generates income, usually expressed as a percentage of the investment or the company's capital.

Compound Interest

Interest on a deposit or loan that is calculated based on the initial amount along with the total of all interest accumulated in earlier periods.