Scenario 2.2 Avie Products Inc. Is Planning to Add a Third Shift

question 9

Multiple Choice

Scenario 2.2
Avie Products Inc. is planning to add a third shift to its production schedule. It currently has 450 workers involved in all aspects of its fertilizer business, best done in Canada. A recent surge in demand from its global customers is driving the need for more workers; however, Simi Meher, the CEO, is concerned that the surge may be temporary, especially in light of the recent economic downturns in the global environment where Avie does business.
-Refer to Scenario 2.2. Assume that Avie goes ahead with the third shift. What can the company use to evaluate the effectiveness of this strategy in a year's time?

• A) Markov analysis
• B) trend analysis
• C) skill inventories
• D) benchmarking

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Definitions:

Confidence Level

The probability or likelihood, expressed as a percentage, that a specified interval will contain the true population parameter.

Mean Width

An average measure of the width of a set of objects or figures, calculated by summing the widths and dividing by the number of objects.

Confidence Interval

A range of values derived from sample data that likely contains the true value of an unknown population parameter.

Sample Size

The number of observations or units included in a sample, which represents a portion of the population being studied.