A Company Hopes to Achieve a Daily Output of 200

question 86

Multiple Choice

A company hopes to achieve a daily output of 200 units during 6 hours of production time.Assuming there is no lost time during the 6 hours of production,the desired cycle time to achieve the targeted level of output is

• A)3.0 minutes
• B)1.8 minutes
• C)1.5 minutes
• D)0.03 minutes

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Definitions:

Fed Officials

Members of the Federal Reserve, the central banking system of the United States, who are responsible for monetary policy decisions.

Rational Expectations Theory

A hypothesis proposing that individuals form forecasts about the future based on all available information in an unbiased and consistent manner.

Aggregate Output

Aggregate Output is the total value of all goods and services produced in an economy over a given period of time.

Active Policy

A government policy aimed at reducing unemployment and stimulating economic growth through proactive measures like tax cuts or increased government spending.