Figure 5.3 the Figure Above Shows the Process for Customers Arriving at Process

question 102

Multiple Choice

Figure 5.3

The figure above shows the process for customers arriving at Hobbies Unlimited for several advertised crafts demonstrations. After signing in, customers are routed to different locations in the store for the two different programs provided. The numbers in parentheses are the time in minutes for each step of the process.
-Use the information in Figure 5.3 What is the throughput time for the A-B-C-D-G routing?

• A) 25 minutes
• B) 70 minutes
• C) 105 minutes
• D) 60 minutes

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Definitions:

Fair Value

The cost one would incur for acquiring an asset or the amount one would need to pay off a debt in a smooth transaction between parties in the market as of the date of valuation.

Land

The surface of the earth, considered as property and a basis for real estate transactions.

Successful-efforts Method

An accounting approach used in the oil and gas industry to capitalize only those costs associated with successfully locating new oil and natural gas reserves.

Full-cost Method

An accounting practice where all direct and indirect costs of producing an asset are capitalized and then amortized over time.