Morgenstern Corporation Keeps Track of the Time Required to Fill

question 101

Multiple Choice

Morgenstern Corporation keeps track of the time required to fill orders. The times recorded for a particular order appear below:
$$\begin{array} { | l | r | } \hline & \text { Hours } \\\hline \text { Processing Time } & 1.6 \\\hline \text { Inspection Tirne } & 0.1 \\\hline \text { Moving Time } & 2.6 \\\hline \text { Storing Time } & 7.2 \\\hline\end{array}$$
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The manufacturing cycle time was:

• A) 4.3 hours.
• B) 31.6 hours.
• C) 27.3 hours.
• D) 11.5 hours.

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Definitions:

Interest

The cost of borrowing money or the return on investment, typically expressed as a percentage of the principal.

Interest Rate

Refers to the cost of borrowing money, expressed as a percentage of the amount loaned, or the return on invested savings.

Loanable Funds

The money available for borrowing in the financial markets, determined by the saving rates of individuals and the banking sector's policies.

Inflation Rate

A measure of the rate at which the general level of prices for goods and services is rising, and, subsequently, purchasing power is falling.