Define tooling costs and set-up costs and explain their roles in ...

[danielfitts88]

Define tooling costs and set-up costs and explain their roles in manufacturing.
 
  What will be an ideal response?

Question 2

Diversity is best defined as:
 
  A) biological elements over which individuals have little or no physical control.
  B) the personal choices individuals make regarding their lifestyles and goals.
  C) all the human characteristics that make people different from each other.
  D) affirmative action practices required in the workplace.

[hugthug12]

Answer to Question 1

Tooling cost is the expense of creating the specialized equipment for manufacturing, while setup cost is the expense of establishing a production run. Manufacturers calculate these costs before starting to make the product.

Answer to Question 2

Answer: C

[danielfitts88]

Excellent

[mohan]

Thanks for the timely response, appreciate it