The Materials Manager for a Billiard Ball Maker Must Periodically

question 22

Multiple Choice

The materials manager for a billiard ball maker must periodically place orders for resin, one of the raw materials used in producing billiard balls. She knows that manufacturing uses resin at a rate of 50 kilograms each day, and that it costs $.04 per day to carry a kilogram of resin in inventory. She also knows that the order costs for resin are $100 per order, and that the lead time for delivery is four days. If order size was 1,000 kilograms of resin, what would be the length of an order cycle?

• A)0.05 days
• B)4 days
• C)16 days
• D)20 days
• E)50 days

Identify the effects of changes in the price level on real wages.

Understand the significance of labor demand and supply in determining employment and wage rates.

Recognize the impact of technology and capital on labor productivity and wages.

Analyze the role of unionization and its impact on wage rates.

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Definitions:

Osmotic Pressure

The pressure required to prevent the flow of a solvent through a semipermeable membrane that separates two solutions with different concentrations.

Solute Concentration

The amount of a substance dissolved in a unit volume of solution.

Selectively Permeable

A property of cellular membranes that allows some substances to pass through while preventing the passage of others.

Osmosis

A process where water molecules move from a region of lower solute concentration to a higher solute concentration through a semipermeable membrane.