An Assembly Line Consists of 158 Tasks Grouped into 32

question 63

Multiple Choice

An assembly line consists of 158 tasks grouped into 32 workstations.The sum of all task times is 105 minutes.The largest assigned cycle time is 4 minutes.What is the efficiency of this line?

• A)8 percent
• B)21 percent
• C)82 percent
• D)100 percent
• E)81 percent

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Definitions:

Equilibrium Price

The price at which the quantity of a good or service demanded equals the quantity supplied, resulting in market balance.

Surplus

A situation where the quantity of a product or service supplied exceeds the quantity demanded at the current price.

Maximum Price

A price ceiling set by the government or another regulatory body, beyond which prices cannot legally rise for essential goods or services.

Economic Impact

The effect of an event, policy, or market change on the economy, which can be measured in terms of changes in employment, GDP, or other economic indicators.