Identify the seven fundamental layout strategies. Describe the use of each one very briefly
What will be an ideal response?
1. Office layout: Positions workers, their equipment, and spaces/offices to provide for movement of information.
2. Retail layout: Allocates display space and responds to customer behavior.
3. Warehouse layout: Addresses trade-offs between space and material handling.
4. Fixed-position layout: Addresses the layout requirements of large, bulky projects such as ships and buildings.
5. Process-oriented layout: Deals with low-volume, high-variety production.
6. Work-cell layout: Arranges machinery and equipment to focus on production of a single product or a group of related products.
7. Product-oriented layout: Seeks the best personnel and machine utilization in repetitive or continuous production.
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Needs assessment usually begins with _____.
A. task analysis B. organization analysis C. person analysis D. competitor analysis E. market analysis
As a beneficiary, Kathryn receives $800 monthly from her deceased spouse's life insurance under a fixed-amount option. Each payment consists partly of principal (proceeds) and partly of interest. How is this income taxed?
A) The portion of each payment consisting of interest is taxed; the remainder is tax-free. B) The portion of each payment consisting of principal is taxed; the remainder is tax-free. C) Each payment is fully taxed. D) Each payment is received fully tax-free.