The Factor That Differentiates Flexible Factories from Traditional Factories Is

question 42

Multiple Choice

The factor that differentiates flexible factories from traditional factories is that flexible factories

• A)have relatively longer production runs.
• B)tend to focus on multiple products at a time.
• C)move large orders through assembly lines.
• D)organize workflow around products.
• E)avoid decentralized scheduling.

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Definitions:

Inflation

A measure of the rate at which the general level of prices for goods and services is rising, and, subsequently, purchasing power is falling.

Inflation Rate

The rate at which the overall cost of goods and services in an economy increases over time.

Tax Rate

The percentage at which an individual or corporation is taxed by the government on income or profits.

M x V = P x Y

The equation representing the quantity theory of money, where M is the money supply, V is the velocity of money, P is the price level, and Y is the real output.