Foreign acquisitions are more advantageous than start-ups when the industry has little excess capacity than when it has a lot of excess capacity

The frequent-flyer programs offered by every major airline in the world are examples of:

A) loyalty programs. B) contests. C) sweepstakes. D) purchase programs.

The production rate has been steady at 20 units per hour. The average work-in-process inventory at this station is 15 units. What is the average lead time through this manufacturing station?

A) 15 minutes B) 30 minutes C) 45 minutes D) 1.0 hours