Flexible Manufacturing Practices Such as Just-In-Time, Mass Customization, and Simultaneous

question 101

Multiple Choice

Flexible manufacturing practices such as just-in-time, mass customization, and simultaneous engineering are examples of _____.

• A) differentiation
• B) process innovations
• C) technology audit
• D) entrepreneurship
• E) licensing

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Definitions:

Current Operations

The day-to-day activities involved in running a business, such as sales, maintenance, and administration, which directly relate to its main activities.

Flotation Costs

The expenses incurred by a company in issuing new securities, including underwriting fees, legal fees, and registration fees.

Cash Inflows

Money received by a business from its operational activities, investments, or financial resources.

Financing Cost

The total expenses incurred by a company to borrow funds, including interest payments, fees, and other charges associated with obtaining financing.