In the Production Process,when Component Parts Are Produced Throughout the Factory

question 66

Multiple Choice

In the production process,when component parts are produced throughout the factory and then brought to the production area for final assembly,this is known as a:

• A) process layout.
• B) product layout.
• C) fixed-position layout.
• D) JIT layout.
• E) kanban layout.

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Definitions:

Average Variable Cost

The total variable costs divided by the quantity of output produced, reflecting the cost for each unit excluding fixed costs.

MP

Short for Marginal Product, which is the additional output resulting from using one more unit of a particular input, holding other inputs constant.

MC

Marginal Cost, the change in total production cost that comes from making or producing one additional unit.

AP

Advanced Placement, a program offering college-level curriculum and examinations to high school students in various subjects.