The Benefit of a Flexible Manufacturing System Is That

question 37

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)a company is further enabled to shut down during periods of economic decline

Explain the bounded rationality model of decision making and its relevance to everyday decisions by employees and leaders.

Define creativity, outline its importance to an organization, and describe the stages involved in the creative process.

Understand the conditions under which decisions are made and the effects of these conditions on decision outcomes.

Comprehend the concept of knowledge management, distinguishing between knowledge, data, and information, along with the components of knowledge management.

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Definitions:

Klinefelter Syndrome

A genetic condition in males characterized by an extra X chromosome, leading to symptoms such as reduced masculinity and fertility issues.

Characteristics

Distinct features or qualities that identify a person, object, or phenomenon.

Androgyny

The combination of masculine and feminine characteristics into an ambiguous form, often used in the context of fashion, gender identity, or sexual orientation.

American Psychological Association

A leading scientific and professional organization representing psychology in the United States, dedicated to advancing psychological knowledge to benefit society and improve people's lives.