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Exam 2: Competitiveness, Strategic Planning, and Productivity

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Question 31

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Strategies have a(n) __________ impact on the general direction and basic character of a company.

A) long-term.
B) medium-term.
C) short-term.
D) insignificant.
E) tactical.

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

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Question 32

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Even though labour cost as a proportion of total cost has been decreasing in manufacturing companies,labour productivity is still the main measure being used to gauge the performance of individuals and plants.

A) True
B) False

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Question 33

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Variability of the output of services makes it more difficult to measure service productivity.

A mission statement should provide a guide for the formulation of strategies for the organization.

Tracking productivity measures over time enables managers to judge organizational performance and to decide where improvements are needed.

The weekly output of a production process is shown below,together with data for labour 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 labour cost.Assume a 40-hour week and an hourly wage of $16.Material cost is $10 per running foot.Compute the average multifactor productivity for this process.

Workers are the main determinant of productivity.

Labour productivity is an example of a total productivity measure.

Strategic planning includes both determining long-term plans and implementing them through allocation of resources and action plans.

Which of the following are major decision-making categories for operations policies and action plans? I.Facility II.Capacity III.Process types and technology IV.Human Resources

The weekly output of a fabrication process is shown below together with data for labour and material inputs.Standard selling price is $125 per unit.Overhead is charged weekly at the rate of $1,500 plus .5 times direct labour cost.Assume a 40-hour week and an hourly wage of $16.Material cost is $10 per linear foot.What is the average multifactor productivity?

Computer automation will always result in increased productivity.

Vertical integration refers to the ownership of a major part or the whole of the supply chain.

A characteristic that was once an order winner may become an order qualifier,and vice versa.