Line Balancing

question 3

Multiple Choice

Line balancing

• A)Assigns elements to work stations
• B)Tries to minimize the amount of time an item spends at each work station
• C)Uses the desired output of a line as the maximum work station time
• D)all of the above

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Definitions:

Break-even Point

The level of production or sales at which total revenues equal total expenses, resulting in neither profit nor loss.

Total Sales Revenues

The total amount of money generated from the sale of goods or services before any expenses are subtracted.

Total Costs

The sum of all costs associated with the production of goods or delivery of services, including both fixed and variable costs.

Cost-volume-profit Analysis

A financial management tool that helps in determining the effects of changes in costs and volume on a company's profits.