Final answer:
The description of FMD Alarm Company's operations exemplifies mass production, where a mechanized work environment facilitates the creation of identical products in a production line format.
Step-by-step explanation:
The scenario described where employees at FMD Alarm Company repeatedly create the same part throughout the day, which are then assembled to make alarm systems, is indicative of a mass production methodology. This is a concept in which the design of the production process leads to a mechanized work environment with a strong emphasis on manufacturing identical products efficiently. This method ensures that every part produced is consistent in quality and form, making it a hallmark example of a streamlined production line in action.