_________________ Is a System That Uses Advanced Technologies,digitally Controlled,to Allow

question 96

Multiple Choice

_________________ is a system that uses advanced technologies,digitally controlled,to allow for adaptation to produce a range of products.

• A) Lean manufacturing
• B) A reliable production system
• C) Radio-frequency identification
• D) A dependent demand system
• E)Digital factories

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Definitions:

Great Depression

A severe worldwide economic depression that took place mostly during the 1930s, starting in the United States.

John Maynard Keynes

A British economist whose ideas fundamentally changed the theory and practice of macroeconomics and economic policies of governments.

Classical Economists

Early economists, such as Adam Smith and David Ricardo, who focused on the role of free markets in promoting economic growth and efficiency.

Recession

A period of temporary economic decline during which trade and industrial activity are reduced, generally identified by a fall in GDP in successive quarters.