When referring to flexible manufacturing, it is TRUE that it ________

A) relies heavily on labor, since humans are more adaptable and smarter than even the fastest machines
B) uses machines designed to perform multiple tasks so they can be used to produce a variety of products
C) achieves its flexibility at the cost of much slower rates of production than mass production techniques
D) is only possible when using mass production processes since these processes are specifically designed to adapt
E) stops or slows down production when variations in design are desired

B
Explanation: B) Flexible production uses machines designed to perform multiple tasks all at the same time so that they can produce a variety of products. The use of machines provides for an increase in flexibility over mass production with little change in rate of production.

Business

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An example of applying one-to-one opportunities to internal customers would be:

A)cafeteria style benefits programs. B)requiring union membership. C)making work more engaging and enriching. D)making pay fair for all employees.

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Gains and losses on derivatives not designated as hedges of a specific risk, gains and losses on fair value hedges, and the ineffective portion of cash flow hedges affect net income simultaneously with changes in fair value

Indicate whether the statement is true or false

Business