The process which requires high worker skill levels and worker training requirements is
A) assembly line.
B) job shop.
C) batch.
D) continuous.
B) job shop.
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Every summer, thousands of bikers converge on Sturgis, South Dakota, filling up every campground, motel, and hotel within miles of the city. This annual meeting is an example of a gathering of a(n) ________
A) normative clan B) consumer tribe C) maven network D) aspirational group
The cost of operating the common manufacturing facility is a(n) ________ cost
A) opportunity B) traceable C) nontraceable D) sunk E) differential
Explain how a just-in-time operating philosophy reduces the time it takes to complete the production of a product. Include in your answer the classifications of time that are affected. How does such a change help to reduce product costs?
The Swan Company produces their product at a total cost of $43 per unit. Of this amount $8 per unit is selling and administrative costs. The total variable cost is $30 per unit The desired profit is $20 per unit. Determine the mark up percentage on product cost
A) 80% B) 46% C) 70% D) 65%