Match each definition that follows with the term (a-e) it defines.
-Changing tooling when preparing for a new product
A)Engineering change order
B)Total cost concept
C)Variable cost concept
D)Normal selling price
E)Setup

Question

Quizplus · Accepted Answer

The changing of tooling when preparing for a new product is referred to as a "setup" in manufacturing operations. A) Engineering change order refers to any documented change made to the design or specifications of a product. B) Total cost concept refers to the idea that all costs, both fixed and variable, should be taken into account when making production decisions. C) Variable cost concept refers to the idea that only the costs that vary with production (such as materials and labor) should be taken into account when making production decisions. D) Normal selling price refers to the price at which a product is typically sold to customers.

Match Each Definition That Follows with the Term (A-E) It