The daily output required from an assembly line is 300 units. If the line operates 5 hours a day, what is the cycle time per unit?
a. 1 hour
b. 4 minutes
c. 1 minute
d. 25 seconds
c. 1 minute
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The National Tree Company offers resellers half-price reductions on artificial Christmas trees if they purchase them in July. This is an example of a ________
A) functional discount B) seasonal discount C) promotional allowance D) trade-in allowance E) quantity discount
Where there is a valid delegation of duties but the delegatee has not assumed the duties under a contract, the delegation is called a(n) ________
A) condition precedent B) declaration of duties C) express condition D) discharge
A firm can grow through which of the following means:
a. Organically through internal investment b. By purchasing necessary assets and capabilities through acquisitions c. By collaborating with one or more firms through strategic alliances d. All of the above
Agile project management is ideal for exploratory projects in which requirements need to be discovered and new technology tested.
Answer the following statement true (T) or false (F)