A Flexible Manufacturing System Is Defined by the Text as

question 91

Multiple Choice

A flexible manufacturing system is defined by the text as

• A)one-of-a-kind production using skilled labor.
• B)highly automated assembly lines making one mass-produced product using little human labor.
• C)the grouping of parts into manufacturing families to produce a wide variety of mass-produced items.
• D)a process utilizing the just-in-time (JIT)method of manufacturing.

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Definitions:

Net Income

The total profit of a company after all expenses and taxes have been subtracted from total revenue.

Equity Multiplier

A financial ratio that measures the portion of a company's assets that are financed by shareholder's equity, providing insights into leverage.

Profit Margin

A financial performance ratio, calculated by dividing net income by sales revenue, indicating how much profit a company keeps from its sales.

ROE

Return on Equity (ROE) is a measure of financial performance calculated by dividing net income by shareholders' equity, indicating how effectively a company uses investments to generate earnings growth.