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BUS 515 Midterm Exam Latest

A midterm exam covering business strategy, ethics, and financial principles.

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    BUS 515 MIDTERM EXAM LATEST Multiple Choice Question 29 Managing the transformation of inputs into goods and services is: apost industrial era process. a direct contributor to the curved earth syndrome. as old as time. a twenty - first century developed process a design of Frederick Taylor. Multiple Choice Question 24 What percentage of total non - farm jobs in the U.S. economy comes from service - producing industries? 20% 50% 60% 80% 95% Multiple Choice Question 40 Who popularized the moving assembly line? James Watt Adam Smith Eli Whitney Frederick W. Taylor Henry Ford Multiple Choice Question 69 Which of the following concepts is linked the least with Henry Ford? Scientific management Mass production Mass customization Technology interchangeable parts Multiple Choice Question 27 Which of the following is not primarily performed by the operation management function? job design and work measurement advertising strategy

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    location analysis quality management facility layout Multiple Choice Question 13 How does Federal Express maintain its ability to compete on time during peak demand periods? it subcontracts overload to other firms it purchases more planes overtime it uses a very flexible part - time workforce it purchases more vans Multiple Choice Question 16 Order winners and qualifiers: are consistent between manufacturing and service organizations only matter when responding to formal competitive bid requests remain constant over time change over time only apply to quasi - manufacturing firms Multiple Choice Question 41 Vericol, Inc. manufactures drugs using workers and automated machines. The firm has decided to replace two workers with a new machine, while the output per day is not expected to change. Which of the following cannot be true? labor productivity will increase machine productivity will decrease labor productivity will decrease multifactor productivity will increase multifactor productivity will decrease Multiple Choice Question 37 Suppose that a plant has a total productivity measure of 0.85. What can we conclude? the plant is not earning profits nothing the plant should lay off workers the plant is highly automated the daily productivity is excellent Multiple Choice Question 19

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