Answer:
Option (c) $300
Explanation:
Data provided in the question:
Time taken to complete the setup process for a certain electrical component
= 8 hours
Average setup cost = $150 per hour
Time taken to complete the process by competitor company = 6 hours
Now,
Flagler’s non-value-added cost
= (Difference in time taken by the companies) × Average setup cost
or
Flagler’s non-value-added cost = ( 8 - 6 ) × 150
or
Flagler’s non-value-added cost = 2 × 150
or
Flagler’s non-value-added cost = $300
Hence,
Option (c) $300
Answer:
The correct answer is the option A: Cell
Explanation:
To begin with, the name of "Cellular Manufacturing" is known in the business field for being one type of manufacturing process that can be selected among others in order to use it as the method of excellence to produce the good that the company wants to sell. Moreover, this type of process is characterized by the fact that the process involves a number of various machines that do a task in particular, called cells, that can easily change that task in order to do another one that the manufacturer will need so that implicates that this type of method is very helpfull in those companies who develop products that are intended to be changed continuously.
Answer:
According to the economists, the resources are scarce and human wants are unlimited. So, it is difficult to satisfy each and every want of people. But according to the theory of abundance, we can overcome from this problem by division and specialization of labor. If there is a proper division of labor according to their specialization then this will increase the productivity and one can produce more goods with the same level of resources.
From this economic practice, we can overcome from the problem of scarce resources.
Answer:
The correct answer is $112,000.
Explanation:
According to the scenario, the given data are as follows:
Home insured = $160,000
Cost to rebuild = $180,000
Personal property coverage = 70%
So, we can calculate the amount of coverage by using following formula:
Amount of coverage = Home insured × Personal property coverage
By putting the value, we get
Amount of coverage = $160,000 × 70%
= $112,000
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