Which One of the Following Statements About Fixed Automation Is

question 84

Multiple Choice

Which one of the following statements about fixed automation is TRUE?

• A) Operations managers consider fixed automation when demand volumes are high, product designs are unstable, and product life cycles are short.
• B) The primary drawbacks of fixed automation are its large initial investment cost and its relative inflexibility.
• C) It is an automatic process that can be reprogrammed to handle various products.
• D) The equipment performs complicated operations in a flexible sequence.

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Definitions:

Bonds

Fixed-income securities that represent a loan made by an investor to a borrower, typically used by corporations, municipalities, states, and governments to finance projects and operations.

Stock Exchange

A stock exchange is a marketplace where securities, such as stocks and bonds, are bought and sold, facilitating capital exchange between investors and companies.

Demand

The desire, willingness, and ability of consumers to purchase goods or services at a given price.

Junk Bond

A high-risk, high-yield bond issued by companies considered to be at greater risk of defaulting on their debt obligations.