The Daily Output Required from an Assembly Line Is 300

question 97

Multiple Choice

The daily output required from an assembly line is 300 units.If the line operates 5 hours a day,what is the cycle time per unit?

• A)1 hour
• B)4 minutes
• C)1 minute
• D)25 seconds

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Definitions:

Total Investment

The aggregate amount of funds invested in an economy by businesses and individuals, including investments in capital assets and inventories.

Ceteris Paribus

A Latin phrase meaning "all other things being equal," used in economics to isolate the effect of one variable change.

Market Interest Rates

The prevailing rate of interest determined by supply and demand in the financial markets, affecting loans, mortgages, and savings.

Investment Projects

Initiatives or plans undertaken to invest resources with the expectation of generating financial returns or accomplishing specific objectives.