Give references for all answers. 1.Discuss significance of the term knowledge-based pay system 2. What is a flexible manufacturing system, and under what set of circumstances is it most appropriate? 3. What are the trade-offs that occur when a process layout is used? What are the trade offs occur when a product layout is used. 4. Discuss or explain the trade-off between responsiveness and stability in a forecasting system that uses time series data. 6 .Explain two factors that could make service design much different than product design. 7.. Which characteristics must a project have for critical path scheduling to be applicable? 8. Which types of projects have been subjected to critical path analysis? Submit Assignment