A contractor is preparing a bid to install swimming pools at a new housing addition. The estimated time to build the first pool is 35 hours
The contractor estimates a 90 percent learning rate; what is the estimated time to install all 30 pools? Refer to the copy of Table I.1 appended to this exam.
Using Table I.1, the coefficient for a 90 percent learning rate with n = 30 is 0.6909.
The time for all 30 pools would be 35 hours × 0.6909 × 30 = 725.44 hours
You might also like to view...
Today's customers expect a salesperson to have extensive product knowledge, to be efficient and reliable, and to provide ideas to improve the customer's operations. These demands are forcing companies to make higher investments in ________
A) sales training B) internal selling C) management controls D) advertising E) sales promotions
Franchising is not an appealing strategy for growth-oriented service firms because franchisees tend to be less motivated and less concerned about quality than managers in company-owned stores
Indicate whether the statement is true or false
An organization's competitive strategy determines the structure of information systems.
Answer the following statement true (T) or false (F)
Miller Company reported gross sales of $780,000, sales returns and allowances of $6700 and sales discounts of $6700. The company has average total assets of $430,000, of which $215,000 is property, plant, and equipment. What is the company's asset turnover ratio?
A. 1.81 times B. 0.56 times C. 1.85 times D. 1.78 times