External Setups

question 37

Multiple Choice

External setups

• A) Are the same as single setup
• B) Can be done while the machine is running
• C) Are undesirable for small lot production
• D) Are often contracted out
• E) Are more common than internal setups in traditional manufacturing systems

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Definitions:

Supply And Demand Diagram

A graphical representation of the relationship between the quantities of a good that sellers are willing to sell and buyers are willing to buy, at various prices.

Negative Externality

A negative externality occurs when a product or decision costs a third party who did not choose to incur that cost.

Wooden Sculpture

A piece of art or decorative object carved from wood.

Safety Hazard

A condition in the workplace or environment that has the potential to cause harm or injury to people.