The option 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

The option to alter production technology provides managers with the flexibility to adapt to changing situations. This could include changes in consumer demand, new trends in the market, or advancements in technology. By being able to adjust production methods, managers can better meet the needs of their customers and stay competitive in the marketplace. While changing production technology may also lead to increased cash flow, expanded production or product lines, these outcomes are not guaranteed and are secondary to the primary benefit of flexibility.

The Option to Alter Production Technology Gives Managers