MGMT 372 Exam 1 Multiple Choice || with Error-free Answers.
Budgeting, analysis of investment proposals, and provision of funds are activities associated with
the ________ function.
a. internal audit
b. finance
c. purchasing
d. marketing
e. operation correct answers b. finance
Business organizations consist of three major functional areas which, ideally:
a. support one another
b. do not face with each other
c. are mutually exclusive correct answers a. support one another
Dealing with the fact that certain aspects of any management situation are more important than
others is called:
a. recognition of priorities
b. sensitivity analysis
c. analysis of trade-offs correct answers a. recognition of priorities
If one organization is better able than most to respond to changes in demands or opportunities,
we say that organization exhibits higher:
a. productivity
b. agility
c. marketability correct answers b. agility
Marketing personnel and product designers must work closely with operations to successfully
develop and produce new products because operations personnel can best judge how ________
new product designs will be.
, a. segmentable
b. nameable
c. manufacturable correct answers c. manufacturable
Measurements taken at various points in the transformation process for control purposes are
called:
a. feedback
b. plans
c. budgets correct answers a. feedback
Technology choices can have a major impact on:
Answers:
A.productivity.
B. customer
C. satisfaction.
D. quality.costs.
E. all of the above. correct answers E. all of the above
The fact that a few improvements in a few key areas of operations will have more impact than
many improvements in many other areas is consistent with the:
Answers:
a. Stevenson phenomenon.
b. Adam Smith phenomenon.
c. Tellier phenomenon.
d. Pareto phenomenon. correct answers d. pareto phenomenon
The process of comparing outputs to previously established standards to determine if corrective
action is needed is called:
Budgeting, analysis of investment proposals, and provision of funds are activities associated with
the ________ function.
a. internal audit
b. finance
c. purchasing
d. marketing
e. operation correct answers b. finance
Business organizations consist of three major functional areas which, ideally:
a. support one another
b. do not face with each other
c. are mutually exclusive correct answers a. support one another
Dealing with the fact that certain aspects of any management situation are more important than
others is called:
a. recognition of priorities
b. sensitivity analysis
c. analysis of trade-offs correct answers a. recognition of priorities
If one organization is better able than most to respond to changes in demands or opportunities,
we say that organization exhibits higher:
a. productivity
b. agility
c. marketability correct answers b. agility
Marketing personnel and product designers must work closely with operations to successfully
develop and produce new products because operations personnel can best judge how ________
new product designs will be.
, a. segmentable
b. nameable
c. manufacturable correct answers c. manufacturable
Measurements taken at various points in the transformation process for control purposes are
called:
a. feedback
b. plans
c. budgets correct answers a. feedback
Technology choices can have a major impact on:
Answers:
A.productivity.
B. customer
C. satisfaction.
D. quality.costs.
E. all of the above. correct answers E. all of the above
The fact that a few improvements in a few key areas of operations will have more impact than
many improvements in many other areas is consistent with the:
Answers:
a. Stevenson phenomenon.
b. Adam Smith phenomenon.
c. Tellier phenomenon.
d. Pareto phenomenon. correct answers d. pareto phenomenon
The process of comparing outputs to previously established standards to determine if corrective
action is needed is called:
