The Arrival of New Manufacturing Techniques Such as Automation, Flexible

question 148

Multiple Choice

The arrival of new manufacturing techniques such as automation, flexible manufacturing systems, and cluster or cell manufacturing has:

• A) Emphasized the importance of direct labor variances.
• B) Not affected the importance of direct labor cost variances.
• C) Led to a deemphasis of the importance of direct labor cost variances.
• D) Made direct labor variances obsolete.
• E) Eliminated the need to calculate and report direct materials variances.

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Definitions:

Public Hearings

Formal meetings held by governmental bodies to allow the public to express opinions and provide input on proposed regulations, projects, or decisions.

AT&T Case

Refers to a landmark antitrust case against the American Telephone & Telegraph Company, leading to the breakup of its monopoly in the telecommunications industry.

Industry Restructuring

The process of fundamentally changing the organization and operations of an industry to increase its efficiency or to adapt to new market conditions.

U.S. Steel Case

A landmark antitrust case involving the United States Steel Corporation, which examined the company's monopolistic practices and its impact on competition.