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34kurt
1 year ago
11

Auto Corp., a large auto parts store, did an experiment to see whether it was faster to have one person work on each car repair

or have a team of people work together on a repair. It found that each employee, working independently, could do one to three auto repairs per day. However, when one person removed the old part, another person prepared the new part, and a third person installed the new part, they were able to complete up to twenty repairs per day. This scenario demonstrates that _____.
Business
1 answer:
spayn [35]1 year ago
3 0

Answer:

people can perform more efficiently if they master just one task rather than all tasks.

Explanation:

Specialisation is the process by which a person becomes proficient at one particular ntask and in so doing they increase efficiency of production process.

In this scenario a single person performing the task can do one to three auto repairs per day. But if one person removed the old part, another person prepared the new part, and a third person installed the new part, they were able to complete up to twenty repairs per day.

That is an average of 20 ÷ 3= 6.667 per person per day.

This shows that people can perform more efficiently if they master just one task rather than all tasks.

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A manager wants to minimize the total cost of the inventory. The annual demand for the wheel is 60,000 wheels, and the firm oper
Ede4ka [16]

Answer:

Check th explanation

Explanation:

2a.

Here, we will have to apply the economic production quantity as we have to identify optimal production quantity to minimize the cost.

Annual Demand D = 60000

Working Days = 240

Daily Demand d= 60000/240 = 250

Production Rate p = 300

Set up cost S = 150

Holding cost H = 3

Economic Production Quantity Q = (2DS/(H*(1-(d/p))))^(1/2)

Q = (2*60000*150/(3*(1-(250/300))))^(1/2)

Q = 6000 units

4 0
2 years ago
Bill's product manager is under pressure to increase market share, but is uncertain about how to make the product more competiti
saul85 [17]

Answer:

Consider the following explanation

Explanation:

The product already enjoys relatively high awareness and accessibility therefore Increasing awareness by 5% does not need to increase market share quickly,thus A) Increase awareness by 5% is incorrect.

Re-position the product to the ideal spot within the segment shall take a lot of time for the company to grab the market share.So D) is incorrect.

Increase in unit contribution margin by decreasing the MTBF need not increase the sales in the market thus B is incorrect.

C) Lower the unit selling price to the bottom limit of the segment price range seems correct by Lowering the unit selling price to the bottom limit of the segment price range the demand shall increase for the product increasing the market share in shorter term.

3 0
1 year ago
Which of the following is not a prohibited escrow-related activity? An escrow agent cannot disburse a real estate broker's commi
11111nata11111 [884]

Answer:

The correct option is  escrow licensees may not solicit or accept escrow instructions containing any blank to be filled in after signing or initialing.

Explanation:

Escrow agreement involves a third party managing funds belonging to two or more parties in a transaction before the funds are disbursed to them.

One of the prohibited escrow related activity is that the agent cannot disburse the commission on real estate to beneficiaries prior to closing the escrow account.

8 0
1 year ago
Janice​ Carrillo, a​ Gainesville, Florida, real estate​ developer, has devised a regression model to help determine residential
Karolina [17]

Answer:

i just need points

Explanation:

8 0
1 year ago
Myers Business Systems is evaluating the introduction of a new product. The possible levels of unit sales and the probabilities
loris [4]

Answer:

a. What is the expected value of unit sales for the new product? (Do not round intermediate calculations and round your answer to the nearest whole unit.)

Possible Market Reaction    Sales Units     Probability     Expected sales

Low response                             20                 .30                    6

Moderate response                    35                 .20                    7

High response                            50                 .20                    10

<u>Very high response                    90                 .30                    27          </u>

Total                                                                                          50 units

b. What is the standard deviation of unit sales? (Do not round intermediate calculations. Round your answer to 2 decimal places.)

mean = (6 + 7 + 10 + 27) / 4  = 12.5

variance = {[0.30 x (20 - 50)²] + [0.20 x (35 - 50)²] + [0.20 x (50 - 50)²] + [0.30 x (90 - 50)²]} / 4 = (270 + 45 + 0 + 480) / 4 = 795 / 4 = 198.75

standard deviation = √198.75 = 14.10 units

4 0
2 years ago
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