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Exam 2: Competitiveness, Strategy, and Productivity

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Question 31

Multiple Choice

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The ratio of good output to quantity of raw material input is called

A) non-defective productivity
B) process yield
C) worker quality measurement
D) total quality productivity
E) quantity/quality ratio

F) C) and E)
G) A) and C)

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Question 32

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Suppose a country's productivity last year was 84.If this country's productivity growth rate of 5% is to be maintained, this means that this year's productivity will have to be _______.

A) 88.2
B) 79.8
C) 82.8
D) 78.9
E) 4.2

F) A) and C)
G) B) and D)

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Question 33

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Which of the following is not typically considered a cure for poor competitiveness?

One major shortcoming of the Balanced Scorecard is that it doesn't tend to take into account sustainability issues.

Time-based strategies focus on reducing the time required to accomplish certain activities, such as new product development or delivery to the customer.

Productivity is directly related to the ability of an organization to compete.

An example of a strategic operations management decision is the choice of where to locate.

Functional strategies should be designed to directly support a firm's mission.

___________ is generally used to facilitate an organization strategy that emphasizes low cost.

Increasing the service offered to the customer makes it more difficult to compete on the basis of ______.

The weekly output of a production process is shown below, together with data for labor and material inputs.The standard inventory value of the output is $125 per unit.Overhead is charged weekly at the rate of $1500 plus .5 times direct labor cost.Assume a 40-hour week and an hourly wage of $16.Material cost is $10 per running foot.What is the average multi-factor productivity for this process?

For an organization to grow its market share, it must:

The Balanced Scorecard is a useful tool for helping managers translate their strategy into action in the following areas:

A productivity increase in one operation that doesn't improve overall productivity of the business isn't

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?

The manager of a carpet store is trying to determine the best installation crew size.He has tried various crew sizes with the results shown below.Based on productivity, what crew size do you recommend?

Productivity is defined as the ratio of input to output.

The external elements of SWOT analysis are:

Value added can be calculated by:

Productivity tends to be only a very minor factor in an organization's ability to compete.