Network Models Are Used to

question 40

Multiple Choice

Network models are used to

• A) make future projections useful in the planning process.
• B) control inventories by mathematically determining how much to automatically order and when.
• C) allocate service personnel and workstations based on alternative workload demands.
• D) alculate how best to allocate production among different machines.
• E) break large tasks into smaller components and diagram them in step-by-step sequences.

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Definitions:

Output

The total amount of goods and services produced by an economy, a sector, or a company during a specific period.

Shutdown Point

The level of operation at which a firm is not generating enough revenue to cover its variable costs, making it economically viable to cease production.

Output

The total quantity of goods or services produced by a business, industry, or economy within a specific period.

Peak Efficiency

The state in which an entity or system is operating at its maximum potential and efficiency, without waste of resources.