Group technology requires and what is economic model

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Reference no: EM131219385

1. Group technology requires that

a. each component be identified by a coding scheme that specifies the type of processing and the

parameters of the processing

b. a specific series of engineering drawings be prepared

c. all bills of material be prepared using the same format

d. engineering change notices be linked to each of the bills of material and engineering notices

e. the final products be standardized

2. What is an economic model?

A) It is a description of an economic issue that includes all possible related information.

B) It is a description of an economic issue based on official government information.

C) It is a detailed version of some aspect of economic life used to analyze an economic issue.

D) It is a simplified version of some aspect of economic life used to analyze an economic issue.

Reference no: EM131219385

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