The Main Aim of Flexible Manufacturing Is to

question 39

Multiple Choice

The main aim of flexible manufacturing is to

• A)create products that can be modified easily.
• B)create a standard range of products.
• C)set up large workforces.
• D)improve an organization's management systems.
• E)reduce the time required to set up production equipment.

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Definitions:

Stock Dividend

A dividend payment made to shareholders in the form of additional shares, rather than cash.

Net Income

The total earnings of a company after subtracting all expenses from revenue, including taxes and operating expenses.

Book Value

The net value of a company's assets minus its liabilities, often used to assess the company's worth.

Stock Dividend

A distribution of extra shares to shareholders, rather than distributing profits in cash.