Which of the Following Is an Objective of Flexible Manufacturing

question 56

Multiple Choice

Which of the following is an objective of flexible manufacturing technology?

• A)Bringing a factory into compliance with ISO 9000.
• B)Reducing setup times for complex equipment.
• C)Improving quality control only during the final stages of the manufacturing process.
• D)Decreasing utilization of individual machines through scheduling.

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Definitions:

Economies of Scale

The cost advantages that enterprises obtain due to their scale of operation, leading to a decreased cost per unit.

Pin Factory

An example used by Adam Smith to describe the benefits of specialization and division of labor in manufacturing, increasing productivity and efficiency.

Constant Returns to Scale

A situation in production where increasing the amount of inputs results in a proportional increase in the output.

Long-run Total Costs

The aggregate expenses a firm incurs in the production of goods or services when all factors of production are variable.