Flexible Manufacturing Systems Use a Combination of Repetitive and Continuous

question 39

True/False

Flexible manufacturing systems use a combination of repetitive and continuous manufacturing to lower costs while satisfying customer needs.

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Definitions:

Depreciation

A decrease in the value of a currency as measured by the amount of foreign currency it can buy.

Intermediate Goods

Goods or services used in the production process of final goods and services but are not themselves final products.

Final Goods

These are products and services that have been completed and are ready for consumption or use by the end consumer, not to be further processed or resold.

Inventory Goods

Items that a business holds for the ultimate goal of resale or trade, making up an essential part of a company's current assets.