A Small Metal Shop Operates 10 Hours Each Day, Producing

question 9

Multiple Choice

A small metal shop operates 10 hours each day, producing 100 parts/hour. If productivity were increased 20%, how many hours would the plant have to work to produce 1000 parts?

• A) less than 2 hours
• B) between 9 and 10 hours
• C) between 2 and 6 hours
• D) between 6 and 8 hours
• E) between 8 and 9 hours

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Definitions:

Bogey Portfolio

A benchmark or target portfolio with which the performance of an investment portfolio is compared.

Managed Portfolio

A collection of investments overseen by a financial professional who makes buy and sell decisions.

Modigliani M2

A measure of the risk-adjusted return of a financial portfolio, modified by Franco Modigliani for different levels of risk.

Rank Portfolios

The process of organizing investment portfolios in order of performance, risk, or any other relevant criteria.