Answer the following statements true (T) or false (F)
1) Increasing the capacity of the operation just before a bottleneck operation will increase the output of the process.
2) Capacity utilization is the ratio of actual output to actual capacity.
3) Efficiency is the ratio of actual output to design capacity.
4) In a lagging capacity strategy, capacity is added in anticipation of demand.
5) In a matching capacity strategy, capacity is increased at relatively the same rate that demand increases.
1) FALSE
2) FALSE
3) FALSE
4) FALSE
5) TRUE
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A duty imposed on imported goods designed simply to raise money for the government is known as a(n)
A. protective tariff. B. income quota. C. income embargo. D. revenue tariff. E. import quota.
Which of the following requires employers with more than 50 employees to provide health insurance?
A. Consolidated Omnibus Budget Reconciliation Act (COBRA) B. Occupational Safety and Health Act C. Health Insurance Portability and Accountability Act (HIPAA) D. Social Security Act E. Patient Protection and Affordable Care Act
Prepaid expenses provide economic benefit for longer than a year.
Answer the following statement true (T) or false (F)
Why are monthly financial projections important for investors?
a. Because they show when you plan to realize your first revenue b. Because investors want to see the financial conversion cycle c. Because investors want to see your volume at roll-out d. None of the above