Which One of the Following Statements on the Concept of Focused

question 104

Multiple Choice

Which one of the following statements on the concept of focused factories is best?

• A) emphasize flexibility rather than cost
• B) emphasize economies of scale, rather than diseconomies of scale
• C) reduce the range of demands placed on a factory so management can concentrate on fewer tasks
• D) prefer larger facilities producing all of the products or services the company offers

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Definitions:

IRS

The IRS (Internal Revenue Service) is the United States federal agency responsible for collecting taxes and administering the Internal Revenue Code.

SEC

The Securities and Exchange Commission (SEC) is a U.S. government agency that oversees securities transactions, activities of financial professionals and mutual fund trading to prevent fraud and intentional deception.

AICPA

The American Institute of Certified Public Accountants, a professional organization for Certified Public Accountants (CPAs) in the United States.

Limited Liability Company

A business structure in the United States that provides its owners with limited liability while allowing them to enjoy the tax and operational flexibility of a partnership.