A Company Needs to Rebalance a Product Layout for Producing

question 46

Multiple Choice

A company needs to rebalance a product layout for producing new plastic license plates. They plan to use the assembly line 6 hours in order to meet projected demand of 2,160 license plates each day. The following table describes the tasks involved in the production of this product:

For output to equal projected demand, what is the theoretical minimum number of workstations needed?

• A)2
• B)2.8
• C)3
• D)4

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Definitions:

Equilibrium Interest Rate

The interest rate at which the demand for funds equals the supply of funds in the financial markets.

Allocation Of Capital

The process of distributing financial resources among different projects or sectors within an economy or organization to maximize returns.

Real Interest Rate

The interest rate expressed in dollars of constant value (adjusted for inflation) and equal to the nominal interest rate less the expected rate of inflation.

Nominal Interest Rate

The nominal interest rate is the interest rate before adjustments for inflation, representing the face value of borrowed money.