……………………is one that is capable of producing a variety of products (or parts) with virtually no time lost for changeovers form one product to the next.

Related MCQs

• ……………..is the arrangement of a facility so that equipment used to make similar parts or families of parts is grouped together.
• In the case of…………………. the products are produced as per the specifications of the customers within prefixed time and cost.
• ………………….refers to the process of creating new products or modifying the existing ones within a predetermined time frame and cost price
• Moving of materials from the store room to the machine and from one machine to the next machine during the process of manufacture is called…………………
• ……………………………is the highest reasonable output rate which can be achieved with the current product specifications, product mix, work force, plant and equipment.
• …………………………is the degree to which the design specifications for a product or service are appropriate to its function and use, and the degree to which a product or service conforms to its design specifications
• ……………refers to the development of the concept or idea of a product in terms of specifications which are required for transforming the idea in to product
• ……………………….is the quantity that should be carried by the company so that production is not affected before the next deliver arrives.
• The person most responsible for popularizing interchangeable parts in manufacturing was
• Interchangeable parts, cost accounting is associated with