Flexible Management Systems Use Machine Automation to Cut Manufacturing Costs

question 127

True/False

Flexible management systems use machine automation to cut manufacturing costs while satisfying customer needs.

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Definitions:

Institutions

Established organizations or systems of rules and norms that structure societal interactions, such as legal systems, education, and economic markets.

Information Revolution

The recent social revolution made possible by the development of the microchip in the 1970s, which brought about vast improvements in the ability to manage information.

Postmodern

A movement or perspective characterized by skepticism towards grand narratives and ideologies, emphasizing relative truths and cultural pluralism.

Cultural Leveling

The process whereby distinct cultural differences among societies or groups become less distinct, leading to a more homogeneous global culture.