Answer the Following Questions Using the Information Below

question 96

Multiple Choice

Answer the following questions using the information below:
Tri-State Manufacturing expects to spend $800,000 in 2012 in appraisal costs if it does not change its incoming materials inspection method. If it decides to implement a new receiving method, it will save $80,000 in fixed appraisal costs and variable costs of $0.40 per unit of finished product. The new method involves $120,000 in training costs and an additional $160,000 in annual equipment rental. It takes two units of material for each finished product.
Internal failure costs average $160 per failed unit of finished goods. During 2011, 5% of all completed items had to be reworked. External failure costs average $400 per failed unit. The company's average external failures are 1% of units sold. The company carries no ending inventories, because all jobs are on a per order basis and a just-in-time inventory ordering method is used.
-For a fast-food restaurant, the average waiting time might be formulated as:

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Definitions:

Biological Determinism

The belief that human behavior and social phenomena are determined by genetic or physiological factors, overlooking the influence of culture, upbringing, and social environment.

Physiological Characteristics

The physical and biochemical traits of an organism, which include bodily functions and processes.

Gender Socialization

The process by which individuals learn the cultural norms and expectations traditionally associated with their gender.

Self-Sufficiency

The ability to fulfill all of one’s needs without external assistance.