It Takes 40 Minutes to Produce Product a and 60

question 17

Multiple Choice

It takes 40 minutes to produce product A and 60 minutes to produce product B. Last week 60 hours were used in manufacturing both products. A total of 70 units were produced. Determine the number of product A and B produced.

• A) Product A = 20; Product B = 50
• B) Product A = 30; Product B = 40
• C) Product A = 10; Product B = 60
• D) Product A = 40; Product B = 30

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Definitions:

Corporate Form

A business structure where the entity is distinct from its owners, providing limited liability protection, ease of transferring ownership, and potential for growth.

Legal Entities

Organizations that have legal rights and obligations, including the capacity to enter into contracts and own property, distinct from their members.

Partnerships

A legal arrangement where two or more individuals share ownership of a business, including its profits, losses, and responsibilities.

Proprietorships

A business structure owned by a single individual where the owner and the business are legally treated as the same.