The assembly time for a product is uniformly distributed between 6 to 10 minutes. The standard deviation of assembly time (in minutes) is approximately
a. 1.3333
b. 1.1547
c. 0.1111
d. 0.5773
b
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Indicate whether the statement is true or false
If the sum of all task times is 50 and the cycle time is 10, then the ______.
A. number of workstations is 5 B. number of workstations is 500 C. balance efficiency is 0.88 D. idle time is 3
One advantage of the corporate form of organization is the:
A. taxation of the corporate profits. B. unlimited liability for its shareholders. C. double taxation of profits. D. ability to raise larger sums of equity capital than other organizational forms. E. ease of formation compared to other organizational forms.
Chow Company earned $5100 of cash revenue, paid $2800 for cash expenses, and paid a $1100 cash dividend to its owners. Which of the following statements is true?
A. The net cash outflow for investing activities was $1100. B. The net cash inflow from operating activities was $1200. C. The net cash outflow for investing activities was $2300. D. The net cash inflow from operating activities was $2300.