Question 1

What is productivity and how is it important to organizations?

Accepted Answer

Productivity is the relationship between

Question 2

Product quality determines an organization's ________.

Accepted Answer

A)  skill set 
B)  reputation 
C)  customer base 
D)  competitive move 
E)  financial balance 
A)  skill set 
B)  reputation 
C)  customer base 
D)  competitive move 
E)  financial balance

Question 3

________ is a technique that assists in monitoring production processes.

Accepted Answer

A)  Process control 
B)  Break-even analysis 
C)  Ratio analysis 
D)  Production process 
E)  Cost control 
A)  Process control 
B)  Break-even analysis 
C)  Ratio analysis 
D)  Production process 
E)  Cost control

Question 4

________ is defined as the amount of total revenue that exceeds the total costs of producing the products sold.

Accepted Answer

A)  Total cost 
B)  Profit 
C)  Marginal cost 
D)  Loss 
E)  Depreciation 
A)  Total cost 
B)  Profit 
C)  Marginal cost 
D)  Loss 
E)  Depreciation

Question 5

Production occurs at service organizations just as it does at manufacturing organizations. What is the final product called at a hospital?

Accepted Answer

A)  Doctor appointments 
B)  Doctor scheduling 
C)  Health plans 
D)  Health care 
E)  Doctor orders 
A)  Doctor appointments 
B)  Doctor scheduling 
C)  Health plans 
D)  Health care 
E)  Doctor orders

Question 6

Identify the algebraic equation to determine the break-even point.

Accepted Answer

A)  BE = VC/(P-F
C)  
B)  BE = P/ (FC-V
C)  
C)  BE = C/R 
D)  BE = (P-V
C) /(FC-V
C)  
E)  BE = FC/(P-V
C)  
A)  BE = VC/(P-F
C)  
B)  BE = P/ (FC-V
C)  
C)  BE = C/R 
D)  BE = (P-V
C) /(FC-V
C)  
E)  BE = FC/(P-V
C)

Question 7

Which of the following would be a rational justification for selecting algebraic break-even method instead of graphic break-even method?

Accepted Answer

A)  Algebraic method is a quick yet accurate method of determining break-even point. 
B)  Graphic break-even method is less accurate when there are multiple relationships. 
C)  Unlike algebraic method, all critical elements cannot be shown in the graphic method. 
D)  Algebraic method is better suited to analyze cumulative relationships of break-even point. 
E)  Information such as potential profit and loss can be better studied using the algebraic method. 
A)  Algebraic method is a quick yet accurate method of determining break-even point. 
B)  Graphic break-even method is less accurate when there are multiple relationships. 
C)  Unlike algebraic method, all critical elements cannot be shown in the graphic method. 
D)  Algebraic method is better suited to analyze cumulative relationships of break-even point. 
E)  Information such as potential profit and loss can be better studied using the algebraic method.

Question 8

The ________ process includes the production of one-of-a-kind items as well as unit production.

Accepted Answer

A)  job-shop 
B)  assembly line 
C)  serial 
D)  parallel 
E)  fixed position 
A)  job-shop 
B)  assembly line 
C)  serial 
D)  parallel 
E)  fixed position

Question 9

Which of the following terms specifically refers to the ratio of outputs to inputs?

Accepted Answer

A)  credibility 
B)  quality 
C)  productivity 
D)  revenue 
E)  competency 
A)  credibility 
B)  quality 
C)  productivity 
D)  revenue 
E)  competency

Question 10

Which of the following strategies involves a plan of action focused on the transformation of a firm's resources into goods and services?

Accepted Answer

A)  Layout 
B)  Product 
C)  Capacity 
D)  Process 
E)  Location 
A)  Layout 
B)  Product 
C)  Capacity 
D)  Process 
E)  Location

What is productivity and how is it important to organizations?

Product quality determines an organization's ________.

________ is a technique that assists in monitoring production processes.

________ is defined as the amount of total revenue that exceeds the total costs of producing the products sold.

Production occurs at service organizations just as it does at manufacturing organizations. What is the final product called at a hospital?

Identify the algebraic equation to determine the break-even point.

Which of the following would be a rational justification for selecting algebraic break-even method instead of graphic break-even method?

The ________ process includes the production of one-of-a-kind items as well as unit production.

Which of the following terms specifically refers to the ratio of outputs to inputs?

Which of the following strategies involves a plan of action focused on the transformation of a firm's resources into goods and services?

Principles of Modern Management: Concepts and Skills

Managers, Society, and Sustainability

Management and Diversity

Managing in the Global Arena

Plans and Planning Tools

Making Decisions

Strategic Planning: Strategies, Tactics, and Competitive Dynamics

Fundamentals of Organizing

Responsibility, Authority, and Delegation

Human Resource Management

Organizational Change: Stress, Conflict and Virtuality

Influencing and Communication

Leadership

Motivation

Groups and Teams

Managing Organization Culture

Controlling, Information, and Technology

Appendix 1: Managing History and Current Thinking

Management and Entrepreneurship: Handling Start-Ups and New Ventures

Encouraging Creativity and Innovation

Filters

Exam 18: Production and Control

What is productivity and how is it important to organizations?

Product quality determines an organization's ________.

________ is a technique that assists in monitoring production processes.

________ is defined as the amount of total revenue that exceeds the total costs of producing the products sold.

Production occurs at service organizations just as it does at manufacturing organizations. What is the final product called at a hospital?

Identify the algebraic equation to determine the break-even point.

Which of the following would be a rational justification for selecting algebraic break-even method instead of graphic break-even method?

The ________ process includes the production of one-of-a-kind items as well as unit production.

Which of the following terms specifically refers to the ratio of outputs to inputs?

Which of the following strategies involves a plan of action focused on the transformation of a firm's resources into goods and services?

Principles of Modern Management: Concepts and Skills

Managers, Society, and Sustainability

Management and Diversity

Managing in the Global Arena

Plans and Planning Tools

Making Decisions

Strategic Planning: Strategies, Tactics, and Competitive Dynamics

Fundamentals of Organizing

Responsibility, Authority, and Delegation

Human Resource Management

Organizational Change: Stress, Conflict and Virtuality

Influencing and Communication

Leadership

Motivation

Groups and Teams

Managing Organization Culture

Controlling, Information, and Technology

Appendix 1: Managing History and Current Thinking

Management and Entrepreneurship: Handling Start-Ups and New Ventures

Encouraging Creativity and Innovation

Filters