The Benefit of a Flexible Manufacturing System Is That

question 82

Multiple Choice

The benefit of a flexible manufacturing system is that:

• A) the lot size needed to manufacture a firm's product efficiently is reduced.
• B) workers are no longer needed in the numbers required by standard manufacturing systems.
• C) the technological advantage of the company is expanded.
• D) the company is further enabled to shut down during periods of economic decline.

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Definitions:

Reacquisition

The process of buying back or otherwise regaining possession of something previously sold, lost, or given away.

Instrument

A formal legal document, such as a contract, will, bond, lease, or loan, that establishes legal rights and obligations.

Negotiation

A bargaining process in which disputing parties interact informally to attempt to resolve their dispute. Also, the transfer of the rights to a negotiable instrument from one party to another.

Liability

The state of being responsible for something, especially in terms of legal or financial obligations that may arise from actions or transactions.