Which of the Following Is One Important Advantage of Flexible

question 52

Multiple Choice

Which of the following is one important advantage of flexible manufacturing systems

• A) It requires little training to use.
• B) There is little employee involvement.
• C) One product can be produced at a time, making it easier for employees to operate.
• D) Products of different sizes, types, and customer requirements freely intermingle on the assembly line.

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Definitions:

Profit

The financial gain made in a transaction or operation, calculated as the difference between revenue and costs.

Marginal Cost Curve

A graphical representation showing how the cost of producing one more unit of a good varies as the quantity of output changes.

Short Run

A period in economics during which at least one input is fixed and cannot be changed by the company.

Supply Curve

A graphical representation showing the relationship between the price of a good and the amount of the good that producers are willing and able to supply.