Question 1

Which one of the following ratios is best suited to analyze how the company finances its projects?

Accepted Answer

A) inventory turnover 
B) debt ratio 
C) current ratio 
D) acid test ratio 
E) return on investment 
A) inventory turnover 
B) debt ratio 
C) current ratio 
D) acid test ratio 
E) return on investment

Question 2

Which one of the following can be considered annual fixed costs for a publishing company?

Accepted Answer

A) author royalties 
B) salaried labor 
C) sales commission 
D) cost of binding 
E) printing costs 
A) author royalties 
B) salaried labor 
C) sales commission 
D) cost of binding 
E) printing costs

Question 3

Which one of the following process strategies is characteristic of the auto and appliance industries?

Accepted Answer

A) repetitive process 
B) continuous process 
C) flexible process 
D) job-shop process 
E) low-volume process 
A) repetitive process 
B) continuous process 
C) flexible process 
D) job-shop process 
E) low-volume process

Question 4

Sharie asked you to explain the relationship that exists between inputs and outputs when measuring productivity.Which one of the following best defines this important relationship?

Accepted Answer

A) The lower the value of the ratio of inputs to outputs,the lower the productivity of the organization. 
B) The lower the value of the ratio of inputs to outputs,the higher the productivity of the organization. 
C) The higher the value of the ratio of inputs to outputs,the lower the productivity of the organization. 
D) The higher the value of the ratio of outputs to inputs,the higher the productivity of the organization. 
E) The lower the value of the ratio of inputs to outputs,the less the productivity of the organization. 
A) The lower the value of the ratio of inputs to outputs,the lower the productivity of the organization. 
B) The lower the value of the ratio of inputs to outputs,the higher the productivity of the organization. 
C) The higher the value of the ratio of inputs to outputs,the lower the productivity of the organization. 
D) The higher the value of the ratio of outputs to inputs,the higher the productivity of the organization. 
E) The lower the value of the ratio of inputs to outputs,the less the productivity of the organization.

Question 5

Which one of the following is a cost control and cost reduction technique that helps managers control operations by focusing primarily on material costs?

Accepted Answer

A) Materials planning 
B) Decision-tree analysis 
C) Break-even analysis 
D) Value analysis 
E) Process control 
A) Materials planning 
B) Decision-tree analysis 
C) Break-even analysis 
D) Value analysis 
E) Process control

Question 6

Because of the attention to constantly improving quality,a firm's focus on quality processes are actually more of a ________ than a/an ________.

Accepted Answer

A) destination;continuous journey 
B) destination;process 
C) continuous journey;adventure 
D) continuous journey;destination 
E) process;continuous journey 
A) destination;continuous journey 
B) destination;process 
C) continuous journey;adventure 
D) continuous journey;destination 
E) process;continuous journey

Question 7

Which among the following is a goal of value analysis?

Accepted Answer

A) To reduce costs by using cheaper components and materials in such a way as to not affect the product quality 
B) To reduce production costs by reducing production quantity 
C) To reduce production costs by automation of the processes involved 
D) To reduce production costs by avoiding the algebraic break-even analysis and using the graphic break-even analysis 
E) To reduce production costs by reducing the fixed costs and the sunk costs 
A) To reduce costs by using cheaper components and materials in such a way as to not affect the product quality 
B) To reduce production costs by reducing production quantity 
C) To reduce production costs by automation of the processes involved 
D) To reduce production costs by avoiding the algebraic break-even analysis and using the graphic break-even analysis 
E) To reduce production costs by reducing the fixed costs and the sunk costs

Question 8

________ 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 9

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 10

Which one of the following is the most accurate observation of product quality?

Accepted Answer

A) Product quality is more dependent on labor than on the other factors of production. 
B) It is a measure of how well a product does what it is intended to do. 
C) Quality refers to a product's ability to make an impact on the customers. 
D) It can be defined as a ratio of the total output to the total input. 
E) Quality refers to the design attributes that are formed internally. 
A) Product quality is more dependent on labor than on the other factors of production. 
B) It is a measure of how well a product does what it is intended to do. 
C) Quality refers to a product's ability to make an impact on the customers. 
D) It can be defined as a ratio of the total output to the total input. 
E) Quality refers to the design attributes that are formed internally.

Which one of the following ratios is best suited to analyze how the company finances its projects?

Which one of the following can be considered annual fixed costs for a publishing company?

Which one of the following process strategies is characteristic of the auto and appliance industries?

Sharie asked you to explain the relationship that exists between inputs and outputs when measuring productivity.Which one of the following best defines this important relationship?

Which one of the following is a cost control and cost reduction technique that helps managers control operations by focusing primarily on material costs?

Because of the attention to constantly improving quality,a firm's focus on quality processes are actually more of a than a/an .

Which among the following is a goal of value analysis?

________ is a technique that assists in monitoring production processes.

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

Which one of the following is the most accurate observation of product quality?

Introducing Modern Management: Concepts and Skills

Management and Entrepreneurship: Handling Start-Ups and New Ventures

Managers,society,and Sustainability

Management and Diversity

Managing in the Global Arena

Encouraging Creativity and Innovation

Plans and Planning Tools

Making Decisions

Strategic Planning: Strategies, tactics, and Competitive Dynamics

Fundamentals of Organizing

Responsibility, authority, and Delegation

Human Resource Management

Changing Organizations

Influencing and Communication

Leadership

Motivation

Groups and Teams

Managing Organization Culture

Controlling,information,and Technology

Filters

Exam 20: Production and Control

Which one of the following ratios is best suited to analyze how the company finances its projects?

Which one of the following can be considered annual fixed costs for a publishing company?

Which one of the following process strategies is characteristic of the auto and appliance industries?

Sharie asked you to explain the relationship that exists between inputs and outputs when measuring productivity.Which one of the following best defines this important relationship?

Which one of the following is a cost control and cost reduction technique that helps managers control operations by focusing primarily on material costs?

Because of the attention to constantly improving quality,a firm's focus on quality processes are actually more of a ________ than a/an ________.

Which among the following is a goal of value analysis?

________ is a technique that assists in monitoring production processes.

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

Which one of the following is the most accurate observation of product quality?

Introducing Modern Management: Concepts and Skills

Management and Entrepreneurship: Handling Start-Ups and New Ventures

Managers,society,and Sustainability

Management and Diversity

Managing in the Global Arena

Encouraging Creativity and Innovation

Plans and Planning Tools

Making Decisions

Strategic Planning: Strategies, tactics, and Competitive Dynamics

Fundamentals of Organizing

Responsibility, authority, and Delegation

Human Resource Management

Changing Organizations

Influencing and Communication

Leadership

Motivation

Groups and Teams

Managing Organization Culture

Controlling,information,and Technology

Filters

Because of the attention to constantly improving quality,a firm's focus on quality processes are actually more of a than a/an .