Hello,<\/p>\n
these se are the questions! Let me know if you would be able to help! Thanks <\/p>\n
1.Accurate measurement of GDP is important to business decision-makers because this information will help them better determine the<\/p>\n
a.<\/p>\n
general happiness of a country’s citizens.<\/p>\n
b.<\/p>\n
course of the economy and the direction of demand for their products.<\/p>\n
c.<\/p>\n
economic well-being of a particular group within a country.<\/p>\n
d.<\/p>\n
amount of leisure time available and the quality of life in a country.<\/p>\n
2.Which of the following would increase U.S. GDP?<\/p>\n
a.<\/p>\n
Ford Motor Company begins to produce and sell cars in China.<\/p>\n
b.<\/p>\n
Mercedes-Benz begins to produce and sell cars in Mississippi.<\/p>\n
c.<\/p>\n
An American investor buys 100 shares of Ford stock.<\/p>\n
d.<\/p>\n
An American investor purchases 100 shares of Mercedes-Benz stock.<\/p>\n
3.As per capita GDP has risen in the United States and other countries,<\/p>\n
a.<\/p>\n
life expectancy and leisure time have also risen and infant mortality and illiteracy have gone down..<\/p>\n
b.<\/p>\n
life expectancy has risen but leisure time has gone down, while infant mortality and illiteracy have remained the same.<\/p>\n
c.<\/p>\n
various quality of life variables have been unaffected.<\/p>\n
d.<\/p>\n
most quality of life variables such as life expectancy and expenditures on leisure time activities have fallen.<\/p>\n
4.National income is<\/p>\n
a.<\/p>\n
personal income of individuals minus the taxes they pay.<\/p>\n
b.<\/p>\n
gross national product minus depreciation.<\/p>\n
c.<\/p>\n
employee compensation, self-employment income, interest, rents, plus corporate profits.<\/p>\n
d.<\/p>\n
consumption, investment, government expenditures, and net exports.<\/p>\n
5.Per capita GDP is<\/p>\n
a.<\/p>\n
real GDP divided by the GDP deflator<\/p>\n
b.<\/p>\n
a measure of income per person<\/p>\n
c.<\/p>\n
a measure of resources available to each person<\/p>\n
d.<\/p>\n
an indicator of the overall production of a government<\/p>\n
6.Economists use the term “business cycle” to refer to<\/p>\n
a.<\/p>\n
the growth of small businesses into major corporations.<\/p>\n
b.<\/p>\n
changes in products that occur from improved technology.<\/p>\n
c.<\/p>\n
fluctuations in the level of real output and employment.<\/p>\n
d.<\/p>\n
periods of increases and decreases in the rate of inflation.<\/p>\n
7.The type of unemployment caused by changes in the business cycle is<\/p>\n
a.<\/p>\n
cyclical unemployment.<\/p>\n
b.<\/p>\n
natural unemployment.<\/p>\n
c.<\/p>\n
frictional unemployment.<\/p>\n
d.<\/p>\n
structural unemployment.<\/p>\n
8.Frictional unemployment is the result of<\/p>\n
a.<\/p>\n
not enough jobs for everyone to be employed.<\/p>\n
b.<\/p>\n
unemployed workers’ skills not matching those needed for the available jobs.<\/p>\n
c.<\/p>\n
a decline in the demand for labor, such as during a recession.<\/p>\n
d.<\/p>\n
imperfect information and temporary periods of unemployment while workers are changing jobs.<\/p>\n
9.Economists use the phrase “business cycle” when referring to fluctuations in<\/p>\n
a.<\/p>\n
the rate of real output and employment.<\/p>\n
b.<\/p>\n
interest rates.<\/p>\n
c.<\/p>\n
the consumer price index.<\/p>\n
d.<\/p>\n
the general level of prices.<\/p>\n
10.Activists and nonactivists both believe that<\/p>\n
a.<\/p>\n
the self-corrective mechanism of a market economy works quite well.<\/p>\n
b.<\/p>\n
macro-policy should seek to minimize economic fluctuations, keep the inflation rate low, and establish an environment consistent with strong economic growth.<\/p>\n
c.<\/p>\n
discretionary monetary and fiscal policy can be used successfully to speed the adjustment process and reduce the swings of the business cycle.<\/p>\n
d.<\/p>\n
policies that stimulate aggregate demand can reduce the long-term rate of unemployment.<\/p>\n
11.The time between implementation of a macro-policy change and when the change exerts its primary influence is called the<\/p>\n
a.<\/p>\n
impact lag.<\/p>\n
b.<\/p>\n
recognition lag.<\/p>\n
c.<\/p>\n
administrative lag.<\/p>\n
d.<\/p>\n
tax reform lag.<\/p>\n
12.Computer forecasting models are most accurate at predicting the economy when<\/p>\n
a.<\/p>\n
inflation is accelerating.<\/p>\n
b.<\/p>\n
there is a turn in the business cycle.<\/p>\n
c.<\/p>\n
economic conditions are relatively stable.<\/p>\n
d.<\/p>\n
supply shocks impact the economy.<\/p>\n
13.Computer forecasting models have<\/p>\n
a.<\/p>\n
been able to forecast changes in the growth rate of real GDP with considerable accuracy.<\/p>\n
b.<\/p>\n
had only limited success predicting turns in key economic variables such as real GDP.<\/p>\n
c.<\/p>\n
been able to accurately forecast the future direction of inflation but not real GDP.<\/p>\n
d.<\/p>\n
been able to accurately forecast the future direction of real GDP but not inflation.<\/p>\n
14.Which of the following is a widely-used and closely-watched forecasting tool concerning the future direction of the macro-economy?<\/p>\n
a.<\/p>\n
the excess reserves of commercial banks<\/p>\n
b.<\/p>\n
the Phillips curve<\/p>\n
c.<\/p>\n
the index of leading indicators<\/p>\n
d.<\/p>\n
the current budget deficit or surplus<\/p>\n
e.<\/p>\n
the velocity of the M1 money supply<\/p>\n
———————-<\/p>\n
13. Which of the following is a common risk in adopting new technology?<\/p>\n
a. The technology doesn’t work as expected.<\/p>\n
b. The technology quickly becomes obsolete by newer technologies.<\/p>\n
c. The company and its employees are not able to fully capitalize on all the benefits of a technology.<\/p>\n
d. Customers do not buy the new technology.<\/p>\n
e. All of the above.<\/p>\n
14. The advantages of outsourcing include the following, EXCEPT:<\/p>\n
a. achieving higher performance.<\/p>\n
b. greater flexibility.<\/p>\n
c. cost reductions.<\/p>\n
d. knowledge increases.<\/p>\n
e. enhanced marketing.<\/p>\n
15. Examples of key supply chain management decisions at the Sony Corporation include:<\/p>\n
a. financing the capital expenditures related to the manufacturing capacity and the selection of product markets.<\/p>\n
b. determination of the manufacturing capacity and the logistic network to move product between plants and product markets.<\/p>\n
c. development of new products and the production of the product mix.<\/p>\n
d. financing the capital expenditures to produce the various product mixes.<\/p>\n
e. marketing the product mix and the determination of the supplier network.<\/p>\n
16. If an organization invests in prevention costs:<\/p>\n
a. internal failure costs, external failure costs and assurance costs may also be reduced.<\/p>\n
b. internal failure costs, external failure costs and assurance costs will increase.<\/p>\n
c. internal failure costs, external failure costs and assurance costs will not be impacted.<\/p>\n
d. internal failure costs and external failure costs will be reduced but appraisal cost will increase.<\/p>\n
e. internal failure costs and external failure costs will increase and appraisal cost will decrease.<\/p>\n
17. A typical product will go through the following stages in the product life cycle, EXCEPT:<\/p>\n
a. introduction.<\/p>\n
b. growth.<\/p>\n
c. decline.<\/p>\n
d. phase out.<\/p>\n
e. maturity.<\/p>\n
18. In the service process matrix the mass service is categorized by:<\/p>\n
a. low customer involvement and high labor intensity.<\/p>\n
b. low customer involvement and low labor intensity.<\/p>\n
c. high customer involvement and high labor intensity.<\/p>\n
d. high customer involvement and low labor intensity.<\/p>\n
e. None of the above.<\/p>\n
19. A ________ is scheduled when planned on-hand inventory is equal to or less than safety stock.<\/p>\n
a. beginning inventory<\/p>\n
b. gross requirements<\/p>\n
c. planned receipts<\/p>\n
d. scheduled receipts<\/p>\n
e. projected on-hand inventory<\/p>\n
20. If a project needs to be crashed, the manager will typically focus on activities which:<\/p>\n
a. are not on the critical path.<\/p>\n
b. are costly to crash.<\/p>\n
c. are the least costly to crash.<\/p>\n
d. are on the critical path and are the least costly to crash.<\/p>\n
e. are on the critical path and are the most costly to crash.<\/p>\n
21. The firms two best selling products sell at the following profit margin: $20 for product 1 and $40 for product 2. The marketing department recommends that at least 100 of each type of product be produced per day. Product 1 requires 5 labor-hours in the fabrication department and 2 labor-hour in the assembly department. Product 2 requires 5 labor-hours in the fabrication department and 3 labor-hours in the assembly department. There are currently 150 workers in the fabrication department and 75 workers in the assembly department each shift. There are three 8-hour shifts per day (overtime is not permitted).<\/p>\n
Formulate this information as a profit-maximizing linear programming problem with the following decision variables:<\/p>\n
X1 = the number of units of product 1 produced<\/p>\n
X2 = the number of units of product 2 produced<\/p>\n
The assembly constraint should be expressed as:<\/p>\n
a. X1 + X2 75<\/p>\n
b. X1 + X2 1800<\/p>\n
c. 2X1 + 3X2 75<\/p>\n
d. 2X1 + 3X2 1800<\/p>\n
e. 3X1 + 2X2 1800<\/p>\n
22. The type of waste present in a production system is that associated with the unevenness of the processes is known as:<\/p>\n
a. JIT.<\/p>\n
b. mura.<\/p>\n
c. muda.<\/p>\n
d. muri.<\/p>\n
e. kaizen.<\/p>\n
23. Which type of manufacturing technology is used to assist in tracking information related to the manufacturing process?<\/p>\n
a. processing technologies<\/p>\n
b. design technologies<\/p>\n
c. product technologies<\/p>\n
d. administrative technologies<\/p>\n
e. manufacturing technologies<\/p>\n
24. Which type of international production facility’s primary role is to collect information?<\/p>\n
a. offshore factory<\/p>\n
b. source factory<\/p>\n
c. server factory<\/p>\n
d. contributor factory<\/p>\n
e. outpost factory<\/p>\n
25. DMAIC stands for<\/p>\n
a. Define, Measure, Analyze, Improve, and Control<\/p>\n
b. Dog, Mail, Analyze, Insurance, Copy<\/p>\n
c. Nothing<\/p>\n
d. Define, Measure, Analyze, Intern, Control<\/p>\n
e. Define, Measure, Analyyze, Improve, Cost<\/p>\n","protected":false},"excerpt":{"rendered":"
Hello, these se are the questions! Let me know if you would be able to help! Thanks 1.Accurate measurement of GDP is important to business decision-makers because this information will help them better determine the a. general happiness of a Read More …<\/a><\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-144149","post","type-post","status-publish","format-standard","hentry"],"_links":{"self":[{"href":"https:\/\/www.benedictsol.com\/blogs\/wp-json\/wp\/v2\/posts\/144149","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.benedictsol.com\/blogs\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.benedictsol.com\/blogs\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.benedictsol.com\/blogs\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.benedictsol.com\/blogs\/wp-json\/wp\/v2\/comments?post=144149"}],"version-history":[{"count":0,"href":"https:\/\/www.benedictsol.com\/blogs\/wp-json\/wp\/v2\/posts\/144149\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.benedictsol.com\/blogs\/wp-json\/wp\/v2\/media?parent=144149"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.benedictsol.com\/blogs\/wp-json\/wp\/v2\/categories?post=144149"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.benedictsol.com\/blogs\/wp-json\/wp\/v2\/tags?post=144149"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}