Which of the Following Influences Layout Design

question 87

Multiple Choice

Which of the following influences layout design?

• A) inventory requirements
• B) capacity needs
• C) personnel levels
• D) technology decisions
• E) All of the above influence layout decisions.

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Definitions:

LIFO

"Last In, First Out" - an inventory valuation method where the most recently produced or purchased items are recorded as sold first.

FIFO

"First-In, First-Out," an inventory valuation method where goods first purchased or produced are the first to be sold or used.

Weighted Average

Weighted average is a calculation that takes into account the varying degrees of importance of the numbers in a dataset, assigning weights to some of the numbers more than others.

Inventory Carrying Cost

The total cost of holding inventory, which includes warehousing, depreciation, obsolescence, spoilage, insurance, and taxes, among others.