The Benefits of Flexible Manufacturing Systems (FMS) Include

question 123

Multiple Choice

The benefits of flexible manufacturing systems (FMS) include:

• A) reduced labor costs
• B) higher flexibility than automation
• C) quick changeover from part to part
• D) significantly lower unit costs
• E) all of the above

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Definitions:

Earnings Per Share

A company's profit divided by the number of outstanding shares of its common stock.

Interest Expense

The cost incurred by an entity for borrowed funds, typically reported on the income statement within financial reporting.

Current Ratio

A financial ratio indicating a firm's capacity to settle short-term liabilities with assets due within the same period.

Marketable Securities

Financial instruments and assets that can easily be converted into cash, often traded on public markets.