A Company Has a Target Output Rate of 40 Units

question 54

Multiple Choice

A company has a target output rate of 40 units every five hours when its line is fully operational.To achieve this target the firm must have a desired cycle time of

• A)more than 12.50 minutes.
• B)more than 10.00 minutes.
• C)7.5 minutes or less.
• D)8 minutes or less.

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Definitions:

GDP Deflator

A measure of the level of prices of all new, domestically produced, final goods and services in an economy, used to deflate or adjust the nominal GDP to real GDP.

Intermediate Good

A product used as an input in the production of a final good or service.

GDP

Gross Domestic Product, the total value of all goods and services produced within a country's borders in a specific time period.

Real GDP

Gross Domestic Product adjusted for inflation, which measures the value of goods and services produced by a country in a year in real terms.