A Batch Operation Can Be Used to Make Many Different

question 29

True/False

A batch operation can be used to make many different types of products.However,each of these products must have the same flow path and must pass through all of the work centers.

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Definitions:

Output

The total amount of goods or services produced by a company or country.

Input

Resources used in the production process, including labor, raw materials, and capital.

Marginal Revenue Product

The additional revenue generated from employing one more unit of a factor of production, such as labor.

Productivity

Productivity measures the efficiency of production in terms of the amount of goods and services produced from a given amount of inputs, such as labor and capital, within a specific period.