Flexible Manufacturing Is a Technique That Attempts to Reduce ________

question 43

Multiple Choice

Flexible manufacturing is a technique that attempts to reduce ________ in the production system.

• A)total manufacturing time
• B)number of workers needed
• C)production-line errors
• D)machine setup costs

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Definitions:

Investment Turnover

The ratio of sales to invested assets.

Profit Margin

A financial metric, calculated as net income divided by revenue, that indicates the percentage of sales that exceeds the costs of goods sold.

Return on Investment

A performance measure used to evaluate the efficiency or profitability of an investment, calculated by dividing net profit by the cost of the investment.

Sales to Investment

A ratio that measures the efficiency of a firm in generating sales from its investments in assets.