In an Environment in Which Demand Is Both Substantial and Stable

question 124

Multiple Choice

In an environment in which demand is both substantial and stable, _____ technology tends to be the best choice.

• A)batch production
• B)fixed automation
• C)project production
• D)programmable automation
• E)flexible automation

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Definitions:

Production Technology

Refers to the methods, equipment, and processes used to produce goods and services.

Capital Intensive

An industry or business that requires large amounts of money and resources (such as machinery or equipment) to produce goods or services.

Alternative Technologies

Refers to varying methods, tools, or systems that can be used as substitutes for each other in achieving a similar outcome, often considered in the context of environmental sustainability or efficiency improvements.

Hourly Wage Rate

The compensation employees receive for every hour they work.