When a Flexible Manufacturing System (FMS)is Used,response Time to Needs

question 85

True/False

When a flexible manufacturing system (FMS)is used,response time to needs of the market is slower than under a traditional manufacturing system.

---

Definitions:

Compa-Ratio

An index that indicates how an individual’s or a group’s salary relates to the midpoint of their relevant pay grades.

Piecework

A type of incentive system that compensates workers for each unit of output.

Individual Incentive Plans

Compensation strategies designed to reward employees based on their individual performance and achievements.

Commissions

Earnings based on a percentage of the sales made by an employee or agent, as a form of incentive pay.