The Most Common Tactic Followed in Process-Layout Planning Is to Arrange

question 129

Multiple Choice

The most common tactic followed in process-layout planning is to arrange departments or work centers so they

• A) minimize the cost of skilled labour.
• B) maximize the machine utilization.
• C) allocate the available space equally to all the departments.
• D) minimize the costs of material handling.
• E) do not incur distance-related costs.

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Definitions:

Corporation's Directors

Individuals elected by a corporation's shareholders to oversee the management and make major business decisions on behalf of the shareholders.

Stockholders

Individuals or entities that own one or more shares of stock in a corporation, thereby holding a portion of the company's ownership.

Paid-in Capital

The amount of money that shareholders have invested in a company through the purchase of stock, excluding the par value of the shares.

Treasury Stock

Shares that were previously issued and outstanding but have been repurchased by the issuing company and held in its own treasury.