Describe the operations of a flexible manufacturing system (FMS).
What will be an ideal response?
A flexible manufacturing system (FMS) combines electronic machines and computer-integrated manufacturing in a single production system. A factory with an FMS does not have to be retooled for each new product; instead, the FMS factory can be rearranged by reprogramming electronic machines to accommodate new products. Smaller batches of product can also be produced with less production cost than a traditional factory.
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Briefly describe the four approaches used by organizations to deal with MPR crises
What will be an ideal response?
A sensitivity analysis allows a manager to answer the "what if" questions
Indicate whether the statement is true or false
Corbin, a partner in Dentists & Orthodontists Clinic, applies for a loan with Evermore Bank allegedly on the firm's behalf but without the authorization of the other partners. Evermore knows that Corbin is not authorized to take out the loan. If Corbin defaults on the loan, liability for its unpaid amount will be imposed on
a. Corbin and Doctors, jointly. b. Corbin only. c. Doctors only. d. Evermore only.
The Sherman Act contains both civil and criminal penalties
Indicate whether the statement is true or false