"Designed to Show Economy of Motion by Pointing Out Waste

question 146

Multiple Choice

"Designed to show economy of motion by pointing out waste motion and idle time" describes

• A) a flow diagram.
• B) an activity chart.
• C) an operations chart.
• D) a pareto chart.
• E) fishbone diagram.

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Definitions:

Feasible Terms

Conditions or criteria that can be realistically achieved or met in a particular context or agreement.

Production Possibilities

The different combinations of goods and services that a society can produce given its available resources and technology.

Comparative Advantage

The ability of an individual, firm, or country to produce a certain good or service at a lower opportunity cost than competitors.

International Specialization

The economic strategy where countries focus on the production and export of goods and services for which they have a comparative advantage.