In the Production Process,when the Workers Are Stationary and a Moving

question 96

Multiple Choice

In the production process,when the workers are stationary and a moving conveyor belt takes the product on to the next workstation so that it is assembled in a fixed sequence,this is known as:

• A) flexible manufacturing.
• B) pull production.
• C) mass production.
• D) batch production.
• E) lean manufacturing.

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Definitions:

Weak-Form

In finance, a hypothesis suggesting that past stock prices and volumes are not predictive of future stock prices.

Weak Form

Assumes that all information contained in past price movements is fully reflected in current market prices. Thus, information about recent trends in a stock’s price is of no use in selecting a stock.

Semistrong Form

States that current market prices reflect all publicly available information. Therefore, the only way to gain abnormal returns on a stock is to possess inside information about the company’s stock.

Stock Market Efficiency

The concept that all available information is reflected in stock prices, thus making it impossible to consistently achieve higher returns than the overall market.