Which One of the Following Statements About Flexible Automation Is

question 226

Multiple Choice

Which one of the following statements about flexible automation is best?

• A) Investment cost is lower when a transfer machine handles many operations.
• B) Chemical processing plants and oil refineries mainly utilize programmable automation.
• C) It is an automatic process that can be reprogrammed to handle various products.
• D) It achieves top efficiency; accommodating new products is difficult and costly.

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Definitions:

Gross Profit

The financial metric that represents the difference between revenue and the cost of goods sold before accounting for other expenses.

Department

A distinct area, division, or branch of an organization with specific roles or functions.

Income Statement

A financial statement that shows a company's revenues and expenses over a specific period, resulting in a net profit or loss.

Cash Flow Statement

A financial document detailing the inflow and outflow of cash in a business, thereby indicating its operating, investing, and financing activities over a period.