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BUSI 411 Exam 1 with Answers Liberty University GradeAplus

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Question 1 Measurements taken at various points in the transformation process for control purposes are Question 2 Taking a systems viewpoint with regard to operations in today's environment inc... reasingly leads Question 3 Which of the following is not a benefit of using models in decision making? Question 4 Which of the following is not true about the systems approach? Question 5 Which of the following most involves coordinating the activities among all the elements of the business including its suppliers and distributors? Question 6 In an assembly operation at a furniture factory, six employees assembled an average of 450 standard dining chairs per five-day week. What is the labor productivity of this operation? Question 7 The ratio of good output to quantity of raw material input is called Question 8 The weekly output of a fabrication process is shown below, together with data for labor and material inputs. Standard selling price is $125 per unit. Overhead is charged weekly at the rate of $1,500 plus .5 times direct labor cost. Assume a 40-hour week and an hourly wage of $16. Material cost is $10 per foot. What is the average multifactor productivity? Week Output #Workers Material (ft) 1 392 5 2720 2 408 6 2790 Question 9 The Balanced Scorecard is a useful tool for helping managers translate their strategy into action in the following areas: Question 10 For an organization to grow its market share, it must: Question 11 The two most important factors in choosing a forecasting technique are: Question 12 The business analyst for Video Sales, Inc. wants to forecast this year's demand for DVD decoders based on the following historical data: Year Enrollments 5 Years ago 900 4 Years ago 700 3 Years ago 600 2 Years ago 500 Last Year 300 What is the forecast for this year using exponential smoothing with alpha = .4, if the forecast for two years ago was 750? Question 13 Which of the following changes would tend to shorten the time frame for short-term forecasting? Question 14 Which of the following is the most valuable piece of information the sales force can bring into forecasting situations? Question 15 The two general approaches to forecasting are: Question 16 Which of the following is least likely to result in product innovations that have near-term commercial application? Question 17 Excitement characteristics are categories in the _________ model. Question 18 A disadvantage of global teams for product design is that: Question 19 A formal way to ensure customer requirements are factored into the product and service Question 20 One way to increase reliability is to: Question 21 Prior to the Industrial Revolution, goods were produced primarily by craftsmen or their apprentices using custom-made parts. Question 22 Productivity tends to be only a very minor factor in an organization's ability to compete. Question 23 If a pattern appears when a dependent variable is plotted against time, one should use time series analysis instead of simple linear regression. Question 24 A service blueprint is quite similar to an architectural drawing. Question 25 Quality function deployment is a structured approach that guarantees that the highest-quality product or service will be designed. [Show More]

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