Weston, Inc., produces widgets. To manufacture a new type of widget, it took 12 iterations before the process reached a steady state of 42 hours. If Weston has a 79% learning rate, use the logarithmic approach to calculate the time it took to manufacture the first widget.
a. 95.89 hours
b. 98.50 hours
c. 97.78 hours
d. 95.66 hours
c. 97.78 hours
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Which element below is defined as the capacity to influence the actions of others?
a. Authority b. Competence c. Power d. Potential
FIFO assumes that inventory costs flow in the order incurred.
Answer the following statement true (T) or false (F)
Will Hogwarts recently has been named to head a major manufacturing plant at Dow Chemical. The plant has had significant increases in inventory and declines in net income over the past two years. Will's task is to eliminate the excess inventory and return the plant to its previous level of profitability. To begin solving this problem, Will invites suggestions from line workers, gathers managers from various levels of the plant to brainstorm, and talks with experts in the field of operations management. This step in the managerial decision-making process is known as
A. identifying the problem. B. generating alternatives. C. selecting an alternative. D. implementing a solution. E. performance measurement.
Coca-Cola drink vending machines are found all over the world. The newest machines have an interactive screen that runs advertisements and allows users to obtain free photos of themselves and ringtones after they have bought a drink. Critics of these new vending machines are concerned that entertaining technology is being used to market sugary products. In terms of a SWOT analysis, this concern would be an example of a(n):
A. weakness B. strength C. advantage D. opportunity E. threat