DPAI Quiz 240621

Which of the following is an example of an outcome of strategic planning?

• A. A formal statement of the organization’s definition of the fundamental truths that guide its actions.

• B. A set of general guides for action that channel thinking and allow a certain amount of discretion in execution.

• C. A broad statement of concepts that emphasizes the implementation of organizational objectives over the long term.

• D. A document specifying a sequence of steps detailing the exact manner in which a certain activity must be accomplished.

Worker absenteeism, turnover, and error rates are likely to be greatest..

• A. When flexible working hours are provided.

• B. In job sharing situations.

• C. In simplified assembly line jobs.

• D. When workers alternate in performing different jobs.

Which of the following ratios would be used to evaluate a company’s profitability?

• A. Current ratio.

• B. Inventory turnover ratio.

• C. Debt to total assets ratio.

• D. Gross margin ratio.

Which of the following is not a component of physical distribution?

• A. Location of retail outlets.

• B. Pricing.

• C. Warehousing.

• D. Transportation.

Evaluating performance is not done to..

• A. Assess the available human resources of the firm.

• B. Determine which employees deserve salary increases.

• C. Determine the amount of nondiscriminatory benefits that each employee deserves.

• D. Motivate the employees.