Factories Producing a More Varied and Complex Mix of Products

question 55

Multiple Choice

Factories producing a more varied and complex mix of products have higher costs than factories producing only a narrow range of products because:

• A)they require more direct labourers.
• B)they require more engineers.
• C)more variations and complexities require more activities.
• D)they buy more robotics.

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Definitions:

Path Analysis

A statistical technique used to describe the directed dependencies among a set of variables.

Multivariate Analysis

A set of statistical techniques used to analyze data that involves more than one variable, understanding the effect and relationships among them.

Discriminant Analysis

A statistical technique used to classify observations into predefined categories based on several predictor variables.