A Company Uses Machines Programmed to Process Different Part Types

question 64

Multiple Choice

A company uses machines programmed to process different part types simultaneously,allowing them to mass-produce customized products.This company uses a ________ manufacturing process.

• A) mass
• B) customer-driven
• C) flexible
• D) prospect-to-cash
• E) lean production

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Definitions:

Financial Accounting

The field of accounting that focuses on the preparation of financial statements to provide information to external users, such as investors and creditors.

Budgets

Financial plans that outline expected revenues and expenditures for a particular period.

Manage Resources

The process of efficiently and effectively deploying and allocating organizational resources, such as human, financial, and physical assets.

Management Accounting

A field of accounting focused on providing financial data and analysis to managers within the organization for decision-making.