Which of the Following Basic Types of Process Structures Is

question 42

Multiple Choice

Which of the following basic types of process structures is one which similar equipment or functions are grouped together?

• A)Project
• B)Workcenter
• C)Manufacturing cell
• D)Assembly line
• E)Continuous process

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Definitions:

Tax Burden

The measure of the financial charge or impact of taxes on an individual or a corporation.

Excise Tax

A tax on specific goods or services, such as tobacco, alcohol, and gasoline, designed to raise revenue and/or discourage consumption of certain products.

Equilibrium

A state in which the conflicting forces of demand and supply are in balance. When a market is in equilibrium, the decisions of consumers and producers are brought into harmony with one another, and the quantity demanded will equal the quantity supplied.

Revenue

Aggregate income a company secures from its sales of products or rendering of services in a given period.