A Company Is Preparing a Bid on a Government Contract

question 45

Multiple Choice

A company is preparing a bid on a government contract for 40 units of a certain product. The operations manager estimates the assembly time required for the first two units to be 10.4 hours and 8.8 hours. Which unit, if any, will require approximately one-half the time of the first unit?

• A) 18^th unit
• B) 19^th unit
• C) 20^th unit
• D) 21^st unit
• E) 22^nd unit

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Definitions:

Quorum Requirements

The minimum number of members who must be present at any of its meetings to make the proceedings of that meeting valid.

Directors

Members of a corporation's board responsible for making major decisions and overseeing the managerial aspects of the company's operations.

Corporate Earnings

The profit a company makes after deducting all costs, expenses, interest, and taxes from its total revenue.

Implied Authority

Implied Authority refers to the powers not explicitly granted but deemed necessary to carry out the duties officially entrusted to an individual or entity.