Which of the Following Is Included in the Cost of Constructing

question 54

Multiple Choice

Which of the following is included in the cost of constructing a building?

• A) insurance costs during construction
• B) cost of paving the parking lot
• C) cost of repairing vandalism damage during construction
• D) cost of removing the demolished building existing on the land when it was purchased

Analyze the impact of setup cost and time on production planning.

Identify the 5Ss and understand why the list sometimes extends to seven elements.

Recognize JIT policies for suppliers and the expectations from them.

Understand the implications of reducing lot size to one in JIT and lean production.

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Definitions:

Neutral Stimuli

Stimuli that do not elicit any particular response before conditioning in a learning process.

Conditioned Responses

The acquired reaction to a once neutral stimulus that has been linked with a natural, unconditioned stimulus.

Placebo Effect

The situation where participants’ expectations, rather than the experimental treatment, produce an experimental outcome.

Vitamin Pill

A dietary supplement in pill form that contains vitamins, used to provide nutrients that may not be consumed in sufficient quantities.