A production manager wants to design an assembly line that will turn out 800 widgets per day. There will be eight working hours in each day. What is the optimum cycle time?
A) 36 seconds
B) 60 seconds
C) 6 seconds
D) 3.6 seconds
A) 36 seconds
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A group of small grocery shops forms a new business entity to buy products directly from manufacturers. The group buys products in bulk which are then distributed among members. This helps the shops obtain better profit margins
Which of the following types of vertical marketing system can be observed here? A) contractual B) corporate C) administered D) controlled E) regulatory
Morgan is a line manager who wants to cut costs and make her department more efficient. She is not sure what she is allowed to do to achieve his goals. Morgan should ask the human resources department for help understanding the ______ responsibilities of line management.
A. appraisal and promotion B. labor cost controls C. leadership and motivation D. training and development
An overstatement of ending merchandise inventory in the current period results in an understatement of cost of goods sold in the current period
Indicate whether the statement is true or false
"High reliability can be achieved in a product without having high reliability in the component parts. In fact, any reliability target, no matter how high, can be achieved with only mediocre parts, so long as enough of them are present"
Discuss; an example may help.