The supervisor of ABC Corp. wishes to assign a number of workstations to an operator based on reducing the cost per unit of output. After studying the current set-up in the production floor, the following were gathered: Load machine standard time : 0.42 minute Unload Machine Standard Time : 0.17 minute Walk time between machines : 0.08 minute Operator Rate : $15/hr Machine Rate : $25/hr Power feed time : 2.43 minutes How many machines should be assigned to each operator?*

Give an example where reflecting on a past problem and solution has enabled you to develop solutions to a current problem?

Will the lottery die out? why / why not ? Explain your answers with examples from the text.

The college campus, it turns out, can be an ideal incubator for hatching small businesses. Nanina’s Gourmet Sauce, a pasta sauce company based in Belleville, N.J., was started, for instance, in 2005 by students taking an entrepreneurship course at Monmouth University in West Long Branch, N.J. Nanina’s products are now sold in nearly 400 supermarkets and gourmet shops in New Jersey and Manhattan, and the company’s director of operations is 23-year-old Nick Massari, a student in that class. The course at Monmouth is one of thousands of similar offerings on campuses across the United States. Undergraduate courses in how to start and run a small business are becoming as ubiquitous as Economics 101. Gone is the conventional wisdom that running a small business cannot be learned by sitting in a classroom. According to the Kauffman Foundation in Kansas City, Mo., more than 2,000 colleges and universities now offer at least a class and often an entire course of study in entrepreneurship. That…