Which of the Following Statements Is True About Manufacturing Companies

question 51

Multiple Choice

Which of the following statements is true about manufacturing companies over the past 20 years?

• A) The grouping of machines into "manufacturing cells" has increased.
• B) Carrying large amounts of inventory is often less costly than carrying small amounts of inventory.
• C) They have moved from a "pull" approach to more of a "push" approach.
• D) The basic production process has changed very little over the past 20 years.

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Definitions:

Business Tort

A wrongful act, other than a breach of contract, that results in injury or damage to another's business interests.

Implied-In-Fact Contract

A contract formed by the actions and circumstances of the parties involved, rather than written or spoken words.

Licensing Statute

Legislation that specifies the requirements and conditions for obtaining a professional or business license to legally operate.

Illegal And Unenforceable

Describes contracts that cannot be legally upheld or enforced due to the inclusion of illegal acts or elements.