Explain mass customization and computer-integrated manufacturing, as well as the connection between the two.
What will be an ideal response?
Mass customization is the production of varied, individually customized products at the same low cost as that of standardized, mass-produced products. Although this seemed only a fantasy a few years ago, mass customization quickly became prevalent among leading firms. Companies want to deliver mass customization at low cost. They organize around a dynamic network of relatively independent operating units. Each unit performs a specific process or task, called a module. Outside suppliers or vendors may perform some modules. Mass customization is made possible by computer-integrated manufacturing (CIM), which links computerized production efforts. Two major elements of CIM, computer-aided design and computer-aided manufacturing, share data for product design, testing, manufacturing, and quality control.
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Answer the following statement true (T) or false (F)
Identify the unlawful trading schemes engaged in through mutual funds
a. Leveraging and layering b. Commission fraud and speculative trading c. Market timing and late trading d. Circular trading and NAV manipulation
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The principal liaison between the information systems groups and the rest of the organization is a(n):
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