What are the advantages and disadvantages of product-oriented layouts?
What will be an ideal response?
The advantages of a product-oriented layout are:
• The low variable cost per unit usually associated with high-volume, standardized products
• Low material handling costs
• Reduced work-in-process inventories
• Easier training and supervision
• Rapid throughput
The disadvantages are:
• The high volume required because of the large investment needed to establish the process
• Work stoppage at any point can tie up the whole operation.
• The process flexibility necessary for a variety of products and production rates can be a challenge.
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A: A specific lien; B: A general lien; C: A voluntary lien; D: None of the above.
It is best for college students to wait and begin saving once they are "making more money."
Indicate whether this statement is true or false.