In a Just-In-Time Environment

question 137

Multiple Choice

In a just-in-time environment,

• A)production runs are interrupted each day at setup time to perform routine maintenance.
• B)scheduled and preventive maintenance is extremely important.
• C)cost savings are realized by performing maintenance whenever it is needed.
• D)routine minor maintenance is always performed by the repair department.

Identify and describe the study of demography and its significance.

Recognize the historical milestones in population studies, including the first United States Census.

Understand the factors contributing to population growth and decline, including fertility rates, mortality rates, and migration.

Analyze the impact of immigration on population growth.

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Definitions:

Wage Inequality

The disparity in income distribution among workers, often due to differences in occupation, education, and experience.

Microeconomics

The area of economics focused on analyzing how firms and individuals decide to distribute scarce resources.

Macroeconomics

A branch of economics that studies how the aggregate economy behaves, focusing on indicators such as GDP, unemployment rates, and inflation.

Descriptive Economics

The branch of economics focused on describing the components of the economy and how they function, without making judgments about them.