The First Unit Produced in a Process Takes 400 Hours

question 58

Multiple Choice

The first unit produced in a process takes 400 hours.As the number of units produced doubles,production time decreases by 32%.Using the arithmetic approach,calculate the production time for the 16th unit.

• A)84 hours
• B)83 hours
• C)96 hours
• D)86 hours

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Definitions:

Fair Market Value

The price at which property would sell for on the open market between a willing buyer and a willing seller, both having reasonable knowledge of all relevant facts.

Corporate Opportunity

A business opportunity that a company must offer to its shareholders or members before taking it for personal gain.

Duty of Disclosure

The legal obligation to reveal all material facts or information relevant to a transaction or decision-making process.

Duty of Care

A legal requirement that demands individuals or organizations to exercise a reasonable degree of attention and caution to avoid negligence that could harm others.