An Arrangement in Which Materials Do Not Move Down a Production

question 104

Multiple Choice

An arrangement in which materials do not move down a production line but rather, because of their weight, size, or build, are assembled on the spot is called a ________ layout.

• A) fixed position
• B) process
• C) product
• D) line

---

Definitions:

Liabilities

Liabilities refer to the financial obligations or debts that a company owes, which must be paid to others.

Treasury Stock

Shares that were once part of the outstanding shares but were bought back by the company, reducing the amount of stock on the open market.

Par Value

The stated value of a bond, stock share, or coupon as designated by the issuer.

Resold

The act of selling an item or asset that has already been purchased.