The Benefit of a Flexible Manufacturing System Is That

question 87

Multiple Choice

The benefit of a flexible manufacturing system is that:

• A) the lot size needed to manufacture a firm's product efficiently is reduced.
• B) the necessary skill levels of workers are reduced, allowing the firm to reduce costs.
• C) it lends itself to empowerment of employees.
• D) it captures the cost savings of economies of scale.

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Definitions:

Open Recruitment

Open recruitment is a hiring process that is publicly advertised, allowing anyone who meets the qualifications to apply, promoting transparency and equal opportunity.

Low Cost Strategy

A competitive approach adopted by businesses focusing on maintaining the lowest operational costs to offer lower prices than competitors.

Recruiting Objective

A defined goal or target that a company aims to achieve through its hiring processes, such as acquiring talents that fit specific job roles.

Lateral Transfers

The movement of an employee from one position to another of equal rank and pay within the same organization, often to gain diverse experiences.