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BUS 515 Final Part 2

A final exam segment covering business principles and management strategies.

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    BUS 515 Final part 2 Multiple Choice Question 43 For each work element in the time study, multiplying the mean observed time by the performance rating factor by the frequency of occurrence results in what? the normal time for the element the average observed time for the element the standard time for the element the average delay for the element the standard time for the job Multiple Choice Question 21 The approach that details the tasks of a job and how to do them is ____________________. work measurement job evaluation methods analysis job design work sampling Multiple Choice Question 64 Disadvantages of individual incentive systems include all except which of the following? They undermine teamwork. A study has shown they had no effect on worker performance They avoid the “free - rider” problem They need a significant amount of data collection They give employees a short - term focus. Multiple Choice Question 3 Job design ensures that each employee’s _________ and ________ are geared towards achieving the company’s mission. compensation, teams duties, teams satisfaction, compensation duties, responsibility compensation, responsibility Chapter 12 Multiple Choice Question 17

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    Companies can achieve cost - efficient operations by using which of the following inventory approaches? work - in - process to buffer operations inventory building to leverage reduced setup costs JIT inventory to reduce overall cost level work force maintenance through speculative selling Multiple Choice Question 27 Which of the following is an assumption of the basic EOQ model? Lead time is known and constant. Demand may be seasonal. Orders can arrive in partial shipments. Quantity discounts are considered Lost sales are allowed, but not back orders. Multiple Choice Question 5 Which inventory function specifically is designed to allow the company to maintain a level production strategy? anticipation inventory fluctuation inventory lot - size inventory transportation inventory speculative inventory Multiple Choice Question 20 Which of the following is not affected by decisions about how much inventory to hold? item costs holding costs depreciation ordering costs stockout costs Chapter 13 Multiple Choice Question 16 What type of aggregate plan sets labor and equipment capacity to satisfy demand each period?

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