Continuous Manufacturing Refers to Assembly Lines That Run 24 Hours

question 59

True/False

Continuous manufacturing refers to assembly lines that run 24 hours a day, seven days a week.

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Definitions:

Cost Savings

A reduction in expenses achieved by purchasing the same goods or services at lower prices, or by employing more efficient or effective operations.

Business Start-Ups

New business ventures often characterized by innovation, high risks, and the potential for significant growth.

Behavioral Economics

The branch of economic theory that combines insights from economics, psychology, and biology to make more accurate predictions about human behavior than conventional neoclassical economics, which is hampered by its core assumptions that people are fundamentally rational and almost entirely self-interested. Behavioral economics can explain framing effects, anchoring, mental accounting, the endowment effect, status quo bias, time inconsistency, and loss aversion.

Harmful Decisions

Choices made by individuals or entities that result in negative consequences or damage.