Which production process word best explain the situation

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Reference no: EM13391043

A) The ability to rapidly and inexpensively switch production from one product to another enables which of the following:

• Economies of shape
• Economies of size
• Economies of scale
• Economies of scope

B) According to the theory of constraints, which of the following financial measurements can be used to measure the firm's ability to make money?

• Operating expenses
• Dividends
• Sales
• Return on investment

C) Deming's PDCA (plan, do, check, and act) cycle underlies what inherent Six Sigma principle?

• Continuous improvement
• Control charting
• Standard deviation
• Project management

D) Which of the following is usually included as an inventory holding cost?

• Order placing
• Quantity discounts
• Breakage
• Typing up an order

E) Which production process term best describes the situation when activities in a stage of production must stop because there is no work?

• Blocking
• Starving
• Staging
• Buffering

Reference no: EM13391043

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