Term Paper Art History
Fall 2012 Prof. Sudit
Cost and Quality Management – Answers to Assignment VI
1. Productivity can be thought of as: A) the relationship between what is produced and what is required to produce it. B) doing more with less. C) the ratio of output to input. D) only A and C are correct. E) answers A, B and C are all correct.
2. A primary objective in measuring productivity is to improve operations either by using fewer inputs to produce the same output, or to produce: A) more quickly. B) more effectively. C) with fewer constraints. D) more outputs with the same inputs. E) more outputs with more inputs.
3. The experience of many firms is that improvements in quality: A) decrease productivity. B) have no significant effect on productivity. C) first increase, and then decrease productivity. D) increase productivity. E) restrict productivity improvements.
4. Efforts to improve productivity should be focused only on: A) quality. B) non-value added activities. C) value added activities. D) inputs. E) outputs.
5. One major problem in measuring the productivity of a not-for-profit organization is the absence of: A) costs. B) a common measure for its outputs. C) mandatory financial reporting. D) labor costs. E) None of the above answers is correct.
6. The two major contributing factors to a sales volume variance are deviations in: A) market size and market share. B) market size and sales quantity. C) sales mix and selling price. D) sales mix and sales quantity. E) sales price and sales quantity.
7. An unfavorable sales mix variance arises for a product when: A) the actual unit sold is greater than the budgeted unit to be sold. B) the actual unit sold is less than the budgeted unit to be sold. C) the actual sales-mix percentage is
Cost and Quality Management – Answers to Assignment VI
1. Productivity can be thought of as: A) the relationship between what is produced and what is required to produce it. B) doing more with less. C) the ratio of output to input. D) only A and C are correct. E) answers A, B and C are all correct.
2. A primary objective in measuring productivity is to improve operations either by using fewer inputs to produce the same output, or to produce: A) more quickly. B) more effectively. C) with fewer constraints. D) more outputs with the same inputs. E) more outputs with more inputs.
3. The experience of many firms is that improvements in quality: A) decrease productivity. B) have no significant effect on productivity. C) first increase, and then decrease productivity. D) increase productivity. E) restrict productivity improvements.
4. Efforts to improve productivity should be focused only on: A) quality. B) non-value added activities. C) value added activities. D) inputs. E) outputs.
5. One major problem in measuring the productivity of a not-for-profit organization is the absence of: A) costs. B) a common measure for its outputs. C) mandatory financial reporting. D) labor costs. E) None of the above answers is correct.
6. The two major contributing factors to a sales volume variance are deviations in: A) market size and market share. B) market size and sales quantity. C) sales mix and selling price. D) sales mix and sales quantity. E) sales price and sales quantity.
7. An unfavorable sales mix variance arises for a product when: A) the actual unit sold is greater than the budgeted unit to be sold. B) the actual unit sold is less than the budgeted unit to be sold. C) the actual sales-mix percentage is