Acme,Inc,Produces Widgets

question 93

Multiple Choice

Acme,Inc.,produces widgets.To manufacture a new type of widget,it took 30 hours for the first widget.Acme estimates it has a 95% learning rate.Using the logarithmic approach,calculate the time it will take to manufacture the eighth widget.

• A)25.71 hours
• B)22.68 hours
• C)19.62 hours
• D)18.76 hours

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Definitions:

Flexibility

The ability to adapt to changes, pivot strategies, or alter plans in response to new information or unexpected circumstances.

Cross-Training

A method where employees are trained to perform multiple roles or tasks outside their original job function, to enhance versatility and flexibility in operations.

Reward Systems

Mechanisms or programs designed within an organization to recognize and reward employee performance, often with the aim of motivating and retaining employees.

Intrinsic Rewards

Satisfaction derived from the activity itself rather than from external rewards, fostering internal motivation.