What Are Manufacturing Technologies Designed to Reduce Setup Times,increase Use

question 28

Multiple Choice

What are manufacturing technologies designed to reduce setup times,increase use of individual machines through better scheduling,and improve quality control at all stages of manufacturing called?

• A)multifaceted production
• B)lean production
• C)lateral production
• D)temporal production

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Definitions:

Significant Downsizing

A strategic reduction in a company's workforce to improve efficiency or reduce costs.

Fixed Costs

Costs that do not vary with the volume of production or sales, such as rent, salaries, and insurance.

Discounted Cash Flow (DCF)

A valuation method used to estimate the value of an investment based on its future cash flows, adjusted for the time value of money.

Capital Budgeting Techniques

Methods used to evaluate and prioritize investment projects or expenditures, such as NPV, IRR, Payback Period, and Profitability Index.