An Assembly Line Consists of 21 Tasks Grouped into 5

question 204

Multiple Choice

An assembly line consists of 21 tasks grouped into 5 workstations. The sum of the 21 task times is 90 minutes. The largest assigned cycle time is 20 minutes. What is the efficiency of this line?

• A) 4.2 percent
• B) 17 percent
• C) 85 percent
• D) 100 percent
• E) 90 percent

Recognize the characteristics of a farsighted organization, including emphasis on long-term development and innovation.

Understand the impact of strategic planning on business performance and the importance of strategic management for all organizational members.

Identify various modes of strategy-making and the advantages of each.

Understand the concept of synergy in business strategy and its effects.

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Definitions:

Accounting Elements

Fundamental components used in financial reporting and analysis, including assets, liabilities, equity, revenues, expenses, and dividends.

Conceptual Framework

A set of fundamental principles and concepts that underlie the preparation and presentation of financial statements.

Financial Reports

Documents that provide an overview of a company's financial condition, including balance sheets, income statements, and cash flow statements.

FASB

Financial Accounting Standards Board; an independent organization responsible for establishing accounting and financial reporting standards in the United States.