Which of the Following Is Not One of the Objectives

question 98

Multiple Choice

Which of the following is not one of the objectives of flexible manufacturing technology, or lean production?

• A)Reduce setup times for complex equipment
• B)Bring a factory into compliance with ISO 9000
• C)Improve quality control at all stages of the manufacturing process
• D)Increase utilization of individual machines through scheduling
• E)None of these answers is correct

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Definitions:

Cash Payback Period

The time it takes for an investment to generate an amount of cash flow equal to the initial investment cost.

Annual Net Cash Flows

The amount of cash that a company generates or uses in a given year after all income and expenses are accounted for.

Average Rate of Return

A financial ratio that represents the average net profit or return expected on an investment over its lifetime, expressed as a percentage.

Straight-Line Depreciation

A method of calculating the depreciation of an asset, dividing its cost minus salvage value by its useful life, resulting in equal annual depreciation expenses.