Which One of the Following Statements About Flexible Automation Is

question 125

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:

March Put

An options contract which grants the holder the right to sell a specific financial instrument at a predetermined price before or at a specified date in March.

Underlying Stock

Refers to the specific security or asset on which a derivative instrument, such as an option or future, is based.

March 30 Call Option

A financial derivative that gives the holder the right, but not the obligation, to buy an asset at a specified price on or before March 30.

Intrinsic Value

The actual, fundamental value of an asset, investment, or company, based on underlying perception of its true value including all aspects of the business.