The time between completions of successive units on a production line is called:
A) cycle time.
B) takt time.
C) elapsed time.
D) work time.
Answer: A
Business
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A sales contract requires the seller to deliver 100 shirts to the buyer. Upon inspection the buyer
discovers that 99 shirts conform to the contract but one does not. The buyer may reject the whole shipment, accept the whole shipment, or accept the 99 shirts and reject the one. Indicate whether the statement is true or false
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You have accumulated $800,000 for your retirement. How much money can you withdraw in equal annual beginning-of-the-year cash flows if you invest the money at a rate of 7% for thirty years?
A) $64,469.12 B) $60,251.52 C) $8,469.12 D) $9,061.96
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