Business Management II 1.02 Review

Front

The equipment, ingredients, and employee labor at a restaurant are all

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inputs.

Front

Lack of standardization occurs when

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tasks and processes are done differently every time.

Front

A company produces only one type of shoe, since this is the product it is best able to produce with its resources. This is an example of

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specialization.

Front

Which of the following is an example of using capital investment to increase productivity: Purchasing new computers, Renegotiating a supplier’s contract, Making suggestions to improve the organization, Giving performance-based bonuses?

Back

Purchasing new computers.

Front

A factory that mass produces clothing increases productivity because it reduces

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wasted resources.

Front

Research and development speed up production by

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simplifying existing products.

Front

To reduce the chance of investigations and orders to cease production, businesses should

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adhere to government regulations.

Front

Why are better trained and educated workers often more productive?

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They tend to be more organized and able to manage their time wisely.

Front

Sharing business goals and objectives with workers is a method of increasing productivity through

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communication.

Front

Even though Brad isn’t a manager, his boss encourages him to give his input on issues affecting the company. Brad’s boss is using

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participative decision-making.