The Benefit of a Flexible Manufacturing System Is That

question 87

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) the necessary skill levels of workers are reduced, allowing the firm to reduce costs.
• C) it lends itself to empowerment of employees.
• D) it captures the cost savings of economies of scale.

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Definitions:

Gainful Employment Rule

A regulation designed to ensure that education programs prepare students for gainful employment in a recognized occupation.

U.S. Department of Education

The U.S. Department of Education is a Cabinet-level department of the United States government focused on establishing policy, administering, and coordinating federal assistance to education.

Crowdfunding

A method of raising capital for a project or venture by asking a large number of people to donate small amounts of money, often via the Internet.

Crowdsourcing

A method where information, ideas, or content is gathered by requesting input from a broad audience, particularly through an online community.