A small metal shop operates 10 hours each day, producing 100 parts/hour. If productivity were increased 20%, how many hours would the plant have to work to produce 1000 parts?
A) less than 2 hours
B) between 9 and 10 hours
C) between 2 and 6 hours
D) between 6 and 8 hours
E) between 8 and 9 hours
E
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Which of the following statements is more of a general characteristic of a manufacturing organization, as compared to a service organization?
A) Short-term demand tends to be highly variable. B) Operations are more capital intensive. C) Outputs are more intangible. D) Quality is more difficult to measure.
Current assets are assets ________ and fixed assets are assets ________
A) converted to cash during the accounting year; that have an expected life in excess of one year B) that have an expected life in excess of one year; converted to cash during the accounting year C) that have an expected life in excess of one year; that have an expected life in excess of one year D) converted to cash during the accounting year; converted to cash during the accounting year