Flexible Manufacturing Permits the Low-Volume Output of Custom-Tailored Products at Relatively

question 78

True/False

Flexible manufacturing permits the low-volume output of custom-tailored products at relatively low unit costs through economies of scope.

---

Definitions:

Benefits System

A structured plan offered by employers that provides employees with compensation additions, such as health insurance, retirement plans, or paid time off.

HRIS

Human Resource Information System, a software or online solution for managing employee data, payroll, recruitment, and other HR functions.

Law Required

A stipulation or mandate enforced by legal authority, necessitating adherence to specific rules or standards.

Flexible Benefit Plans

Employee benefit plans that allow individuals to choose from a variety of offerings, tailoring their benefits package to fit personal needs and preferences.