The Idea of Flexible Manufacturing Systems Is Based On

question 38

Multiple Choice

The idea of flexible manufacturing systems is based on:

• A) controlling inventory costs.
• B) reducing setup time.
• C) reducing employee fatigue.
• D) improving employee morale.
• E) changing to fixed-position layouts.

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Definitions:

Treasury Stock

Shares of a company's own stock that it has reacquired from shareholders and holds in its treasury.

Paid-In Capital

Refers to the amount of money that a company's shareholders have invested through the purchase of shares.

Reissued

Describes securities or other financial instruments that have been sold, recalled, and then sold again to the public.

Stock Dividend

A distribution by a company to its shareholders through extra shares instead of monetary payment.