The opportunity to alter production technology gives managers:
A)the flexibility to adapt to changing situations.
B)increased cash flow from operations.
C)the opportunity to expand production.
D)the ability to expand product lines.

Question

Quizplus · Accepted Answer

Altering production technology provides managers with flexibility to adapt to changing situations, such as changes in demand, new competitors, or advancements in technology. This can help them to stay competitive and relevant in the market. While changing production technology may eventually lead to increased cash flow, expanded production or product lines, these outcomes are not guaranteed and depend on a variety of factors.

The Opportunity to Alter Production Technology Gives Managers