Which One of the Following Statements About Process Management Is

question 158

Multiple Choice

Which one of the following statements about process management is best?

• A) When customization must be high, equipment should be general purpose, and employees need to perform a broader range of duties.
• B) The traditional relationship between capital intensity and resource flexibility is that if one is high, so is the other.
• C) Creating a more capital-intensive process tends to reduce the fixed cost and raise the variable unit cost.
• D) Economies of scope mean that a process should be devoted to a single product or service to achieve high volumes.

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Definitions:

Demand Cycles

Fluctuations over time in the demand for goods or services, often influenced by seasonal trends, economic factors, or consumer preferences.

Product Life Cycles

The stages a product goes through from conception and introduction to the market to growth, maturity, and eventual decline.

Focus Forecasting

Forecasting that tries a variety of computer models and selects the best one for a particular application.

Computer Models

Simulations or algorithms created within a computer that represent or predict real-world systems, behaviors, or outcomes.