Which One of the Following Is NOT Common to Repetitive

question 306

Multiple Choice

Which one of the following is NOT common to repetitive and product-oriented layouts?

• A) a high rate of output
• B) specialized equipment
• C) ability to adjust to changes in demand
• D) low unit costs
• E) standardized products

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Definitions:

M1

A category of the money supply that includes all physical money, such as coins and currency, as well as demand deposits, traveler's checks, and other checkable deposits.

Money

A medium of exchange that facilitates transactions, serving as a unit of account, a store of value, and sometimes, a standard of deferred payment.

Reserve Rate

The fraction of depositors' balances banks must have on hand as cash, a requirement determined by the central bank.

Gold Coins

Metallic forms of money minted from gold, used historically and currently as investment or collectible items.