When Referring to Flexible Manufacturing, It Is TRUE That It

question 35

Multiple Choice

When referring to flexible manufacturing, it is TRUE that it ________.

• A)relies heavily on labor, since humans are more adaptable and smarter than even the fastest machines
• B)uses machines designed to perform multiple tasks so they can be used to produce a variety of products
• C)achieves its flexibility at the cost of much slower rates of production than mass production techniques
• D)is only possible when using mass production processes since these processes are specifically designed to adapt

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Definitions:

Cost-Volume-Profit Graph

A visual representation that shows how changes in cost and volume affect a company's profit.

Step-Wise Costs

Costs that remain fixed over a range of activity but will increase in a step-like manner when a certain threshold is reached.

Break-Even Points

The volume of production or sales at which total revenues equal total expenses, resulting in no net profit or loss, used for financial analysis and planning.

Break-Even Point

The financial stage where total revenues equal total expenses, resulting in neither profit nor loss.