A Flexible Manufacturing System Is a Computer-Controlled Process Used to Produce

question 71

True/False

A flexible manufacturing system is a computer-controlled process used to produce a variety of products in moderate, flexible quantities with minimal manual intervention.

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Definitions:

Customer Lists

An intangible asset representing the information about customers that a business has compiled, which can have value in marketing or sales efforts.

Internet Domain Name

A unique name that identifies a website on the internet, part of a network address that can represent an individual, business, or organization online.

Tax Losses

A financial situation where the expenses and deductions are greater than the income generated, potentially reducing taxable income in future periods.

Share Capital

The funds raised by a company through the issuance of shares, representing the amount invested by shareholders.