You Are Currently Using Three Printing Presses and Five Employees

question 10

Multiple Choice

You are currently using three printing presses and five employees to print 100 sales manuals per hour.If the MRTS at this point is -0.5,then you would be willing to exchange __________ employees for two more printing presses in order to maintain current output.

• A)zero
• B)one
• C)two
• D)three

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Definitions:

Work Flow

Work Flow is the sequence of processes through which a piece of work passes from initiation to completion, often in a business or manufacturing context.

Process Map

A visual representation of the steps involved in a process, showing how tasks are connected and flow from one to the next.

Target Costing

A pricing strategy in which the selling price of a product is determined first, and then the manufacturing cost is managed to meet the desired profit margin.

Value Engineering

A systematic method to improve the "value" of goods or products and services by using an examination of function.