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The Gameshop Manufactures Specialized Board Games

question 158

Multiple Choice

The Gameshop manufactures specialized board games.Management is attempting to search for ways to reduce costs and is considering two alternatives for an upcoming project of special games that must be delivered to the customer in 12 months' time.Management agreed to the special project job as they have an idle plant that is scheduled for demolition 18 months from now, and either alternative will easily meet the delivery deadline.Alternative 1 requires 10 machine operators and 2.5 individuals to handle direct materials.Employee pay averages $17.50 per hour and will increase to $18.50 at the mid-point (July 1) of next year.Each employee currently works 2,500 hours but will decrease to 2,400 hours if Alternative 2 is implemented.The second proposal only requires 8.5 workers.Which of the following items of information are relevant to this decision?

Understand the differences between deductive and inductive reasoning.

Identify characteristics of sound and cogent arguments.

Recognize the role of premises in supporting a conclusion.

Distinguish between various forms of arguments (e.g., generalization, analogy).

Definitions:

Structural Unemployment

A form of unemployment caused by a mismatch between the skills that workers offer and the skills demanded by employers, often due to technological changes or shifts in the economy.

Computer-Operated Machines

Computer-Operated Machines are devices controlled by computers to perform various tasks, increasing efficiency and precision in manufacturing and other industries.

Structural Unemployment

Occurs when there is a mismatch between the skills that workers in the economy can offer and the skills demanded by employers.

Changing Technology

Refers to the rapid evolution and adoption of new tools, processes, and methodologies in the technology sector, affecting businesses and societies.