Question: Section A -Short Answer Questions - Answer Any Two Questions [22.5 marks =5] 1. A firm cleans chemical tank cars in the Bay St. Louis

Section A -Short Answer Questions - Answer Any

Section A -Short Answer Questions - Answer Any Two Questions [22.5 marks =5] 1. A firm cleans chemical tank cars in the Bay St. Louis area. With Standard Equipment, the firm typically cleaned 70 chemical tank cars per month. They utilized 10 gallons of raw material; and 2 employces, each employee worked 80 hours. If the company pay 5S per hours for employce and 25 per gallon for raw material find the single and multifactor productivity of the firm. 2. Discuss the influence of 'Product Life Cycle' on Forecast. 3. A company producing a certain product has developed two processes A and B. The cost data for the processes were as follows: Use crossover points to determine the economical volume for each process

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