A Basic Characteristic of Flexible Manufacturing Is That It

question 167

Multiple Choice

A basic characteristic of flexible manufacturing is that it:

• A)relies heavily on labour,since humans are more adaptable than machines.
• B)uses machines designed to perform multiple tasks so they can be used to produce a variety of products.
• C)achieves its flexibility at the cost of much slower rates of production than mass production techniques.
• D)is only possible when using mass production processes.

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Definitions:

Operating Activities

Activities directly related to the day-to-day operations of a business, such as sales, purchasing, payroll, and other routine business transactions.

Indirect Method

A way of reporting cash flows from operating activities on the statement of cash flows, adjusting net income for changes in non-cash accounts.

Net Decrease

This represents the overall reduction in a specific financial position or quantity over a period, after accounting for all increases and decreases.

Cash Flow Per Share

The cash flow from operations divided by the number of common shares outstanding.