Suppose That the Equation Represents the Number of Employees

question 48

Multiple Choice

Suppose that the equation represents the number of employees working t years after a company begins operations. After how many years will at least 300 employees be working? Round your answer to two decimal places. ​

• A) after 3.66 years
• B) after 4.30 years
• C) after 100.00 years
• D) after 0.22 year
• E) after 1.12 years

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Definitions:

Just-In-Time (JIT)

A production and inventory control system in which materials are purchased and units are produced only as needed to meet actual customer demand.

Customer Demand

The total amount of a product or service that consumers are willing to purchase at a given price level within a specific time period.

Just-In-Time (JIT)

A management strategy that aligns raw-material orders from suppliers directly with production schedules to reduce inventory costs and increase efficiency.

Production Capacity

The maximum output that a business can produce in a given period with the available resources.