An Advantage of a Production Line Process Is

question 24

Multiple Choice

An advantage of a production line process is

• A)the ability to produce highly customized products.
• B)the high degree of flexibility of the process.
• C)the low per unit cost of items produced on the line.
• D)the range of output typically produced on such a process.

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Definitions:

Working Capital

The difference between a company's current assets and current liabilities, indicating the liquidity available to meet short-term obligations.

Long-Term Financing

Funding obtained for a time period exceeding one year, used for acquiring or investing in long-duration assets.

Conservative

In finance, conservative refers to an investment strategy or financial decision-making approach that prioritizes preservation of capital and minimizes risk.

Net Working Capital

The disparity between an organization's immediate assets and liabilities, showcasing its financial stability in the short-term.