Question 1

Which 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 B

Question 2

What are the potential pitfalls of budgets?

Accepted Answer

The following are some of the disadvantages of using budgets:
1. Tendency to place too much emphasis on relatively insignificant organizational expenses
2. Increasing budgeted expenses year after year without adequate information
3. Ignoring the fact that budgets must be changed periodically

Question 3

________ is a statistical and graphical multiphase decision-making technique that contains a series of steps showing the sequence and interdependence of decisions.

Accepted Answer

A)  Decision support system 
B)  Decision-tree analysis 
C)  Break-even analysis 
D)  Supply-chain decision 
E)  Decision table 
A)  Decision support system 
B)  Decision-tree analysis 
C)  Break-even analysis 
D)  Supply-chain decision 
E)  Decision table B

Question 4

Organizations commonly employ more than one type of manufacturing process at the same time and in the same facility.

Accepted Answer

A) True 
 B)False

Question 5

Production is the transformation of organizational resources into products.

Accepted Answer

A) True 
 B)False

Question 6

Effectiveness refers to doing things right whereas efficiency refers to doing the right things.

Accepted Answer

A) True 
 B)False

Question 7

________ is a plan of action aimed at providing the organization with the right facilities to produce the needed output at the right time.

Accepted Answer

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

Question 8

A budget that automatically indicates an increase in the amount of resources allocated for various organizational activities when production levels go up is called a(n) ________.

Accepted Answer

A)  variable budget 
B)  zero-base budget 
C)  parallel budget 
D)  incremental budget 
E)  dependable budget 
A)  variable budget 
B)  zero-base budget 
C)  parallel budget 
D)  incremental budget 
E)  dependable budget

Question 9

Costs of packaging a product and costs of materials needed to make the product are fixed costs associated with production.

Accepted Answer

A) True 
 B)False

Question 10

Which of the following terms refers to the expenses that fluctuate with changes in the number of products produced?

Accepted Answer

A)  variable costs 
B)  depreciation 
C)  asset purchase costs 
D)  costs of mechanism 
E)  inflationary costs 
A)  variable costs 
B)  depreciation 
C)  asset purchase costs 
D)  costs of mechanism 
E)  inflationary costs

Question 11

The process used to manufacture beer is a product-oriented, high-volume, and low-variety process. This can be called a(n) ________ process.

Accepted Answer

A)  cyclical 
B)  job-shop 
C)  repetitive 
D)  assembly-line 
E)  continuous 
A)  cyclical 
B)  job-shop 
C)  repetitive 
D)  assembly-line 
E)  continuous

Question 12

In reality, a firm's focus on quality processes are actually more of a/an ________ 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 13

If Barb wants to involve all of her employees in quality control by asking for their ideas for judging and maintaining product quality, she should form a/an ________.

Accepted Answer

A)  quality square 
B)  quality newspaper 
C)  quality group 
D)  quality force 
E)  quality circle 
A)  quality square 
B)  quality newspaper 
C)  quality group 
D)  quality force 
E)  quality circle

Question 14

Deming's quality flow diagram eliminates barriers between the company and the customer, between the customer and the suppliers, and between the company and its employees. Therefore, an organization's interpretation of quality really is expressed in its ________.

Accepted Answer

A)  strategies 
B)  organizational design 
C)  leadership profiles 
D)  control plans 
E)  financial plan 
A)  strategies 
B)  organizational design 
C)  leadership profiles 
D)  control plans 
E)  financial plan

Question 15

Sharie asked you to explain the relationship that exists between inputs and outputs when measuring productivity. Which of the 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 16

An organization wants to involve all company employees in quality control. Can you suggest a technique to help the organization?

Accepted Answer

All company employees can be part of qua

Question 17

Which 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 18

Quality assurance is a(n) ________.

Accepted Answer

A)  process used to determine how many products should be inspected to calculate a probability that the total number of products will meet organizational quality standards 
B)  process used to determine the number of products to be inspected during a random check 
C)  standardized system used by organizations to measure employee performance in achieving the desired quality 
D)  consortium of a small group of workers who meet with management to discuss quality-related problems 
E)  operations process involving a broad group of activities aimed at achieving the organization's quality objectives 
A)  process used to determine how many products should be inspected to calculate a probability that the total number of products will meet organizational quality standards 
B)  process used to determine the number of products to be inspected during a random check 
C)  standardized system used by organizations to measure employee performance in achieving the desired quality 
D)  consortium of a small group of workers who meet with management to discuss quality-related problems 
E)  operations process involving a broad group of activities aimed at achieving the organization's quality objectives

Question 19

Tom's company repairs machines only after they have malfunctioned. This is an example of ________.

Accepted Answer

A)  quality circle initiative 
B)  maintenance control policy 
C)  pure-breakdown policy 
D)  total productive maintenance 
E)  quality assurance initiative 
A)  quality circle initiative 
B)  maintenance control policy 
C)  pure-breakdown policy 
D)  total productive maintenance 
E)  quality assurance initiative

Question 20

ADB, Inc., an integrated renewable products company, applies its industrial synthetic biology platform to provide alternatives to select petroleum-sourced products used in specialty chemical and transportation fuel markets worldwide. The company recently observed a dip in their overall productivity. Provide a few suggestions to improve the productivity at ADB.

Accepted Answer

Some of the strategies that the company

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

What are the potential pitfalls of budgets?

________ is a statistical and graphical multiphase decision-making technique that contains a series of steps showing the sequence and interdependence of decisions.

Organizations commonly employ more than one type of manufacturing process at the same time and in the same facility.

Production is the transformation of organizational resources into products.

Effectiveness refers to doing things right whereas efficiency refers to doing the right things.

________ is a plan of action aimed at providing the organization with the right facilities to produce the needed output at the right time.

A budget that automatically indicates an increase in the amount of resources allocated for various organizational activities when production levels go up is called a(n) ________.

Costs of packaging a product and costs of materials needed to make the product are fixed costs associated with production.

Which of the following terms refers to the expenses that fluctuate with changes in the number of products produced?

The process used to manufacture beer is a product-oriented, high-volume, and low-variety process. This can be called a(n) ________ process.

In reality, a firm's focus on quality processes are actually more of a/an than a/an .

If Barb wants to involve all of her employees in quality control by asking for their ideas for judging and maintaining product quality, she should form a/an ________.

Deming's quality flow diagram eliminates barriers between the company and the customer, between the customer and the suppliers, and between the company and its employees. Therefore, an organization's interpretation of quality really is expressed in its ________.

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

An organization wants to involve all company employees in quality control. Can you suggest a technique to help the organization?

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

Quality assurance is a(n) ________.

Tom's company repairs machines only after they have malfunctioned. This is an example of ________.

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

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

What are the potential pitfalls of budgets?

________ is a statistical and graphical multiphase decision-making technique that contains a series of steps showing the sequence and interdependence of decisions.

Organizations commonly employ more than one type of manufacturing process at the same time and in the same facility.

Production is the transformation of organizational resources into products.

Effectiveness refers to doing things right whereas efficiency refers to doing the right things.

________ is a plan of action aimed at providing the organization with the right facilities to produce the needed output at the right time.

A budget that automatically indicates an increase in the amount of resources allocated for various organizational activities when production levels go up is called a(n) ________.

Costs of packaging a product and costs of materials needed to make the product are fixed costs associated with production.

Which of the following terms refers to the expenses that fluctuate with changes in the number of products produced?

The process used to manufacture beer is a product-oriented, high-volume, and low-variety process. This can be called a(n) ________ process.

In reality, a firm's focus on quality processes are actually more of a/an ________ than a/an ________.

If Barb wants to involve all of her employees in quality control by asking for their ideas for judging and maintaining product quality, she should form a/an ________.

Deming's quality flow diagram eliminates barriers between the company and the customer, between the customer and the suppliers, and between the company and its employees. Therefore, an organization's interpretation of quality really is expressed in its ________.

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

An organization wants to involve all company employees in quality control. Can you suggest a technique to help the organization?

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

Quality assurance is a(n) ________.

Tom's company repairs machines only after they have malfunctioned. This is an example of ________.

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

In reality, a firm's focus on quality processes are actually more of a/an than a/an .