Went out too long and instead of eating lunch, you went to meet up with somebody.
Answer:
Explanation:
- Cycle time = Production time available / desired unit of output
= (6.5 hours X 60 minutes per hour) / 200 units of net per day
= 390 / 200 = 1.95 minutes per net
- Assembly-line efficiency = sum of the task times / (number of work stations X cycle time)
= 6.50 / (5 X 1.95) = 66.67%
- Total idle time = (number of work stations X cycle time) - sum of the task times
- = (5X1.95) - 6.50 = 9.75 - 6.50 = 3.25minutes
Answer:
Option (b) is correct.
Explanation:
Economic profit is the difference between total revenue and total costs. Total costs includes both implicit costs as well as explicit costs. Implicit costs refers to the opportunity cost that are associated with the choice of alternatives.
Accounting profits includes only explicit costs. Explicit costs are the costs which are incurred for operating a business.
Answer:
True
Explanation:
Conflict of interests refers to the conflict between organizational interests and personal interests of an individual.
For example, a director has the authority to sanction a project investment with another company. The director knows that such a project if entered into, is not beneficial for the company but since the directors own relative is a director of the other company, such an alliance would personally benefit him.
In such a case, the director is experiencing conflict of interest and during the meeting of the board, he must disclose his personal interest in such a project.
A conflict of interest impairs an individuals judgement and objectivity.
Answer:
The answer to this question is option C Real Business Cycle theory
Explanation:
The Real business cycle theory is the theory that views hocks to tastes (workers' willingness to work, for example) and technology (productivity) as the major driving forces behind short-run fluctuations in the business cycle because these shocks lead to substantial short-run fluctuations in the natural rate of output.
Real business cycle models state that macroeconomic fluctuations in the economy can be largely explained by technological shocks and changes in productivity. These changes in technological growth affect the decisions of firms on investment and workers (labour supply)
Hence the answer is option C Real Business Cycle theory