NEW
Font size
WorksheetsBusiness Management II 1.02 Review
Total questions: 20
Worksheet time: 10mins
The equipment, ingredients, and employee labor at a restaurant are all
inputs.
objectives
productivity
mass production.
Lack of standardization occurs when
employees don’t understand how to use a machine or tool
team members do not get along with each other
products are complex and difficult to assemble
tasks and processes are done differently every time.
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
productivity
division of labor
specialization.
competitive advantage
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
A factory that mass produces clothing increases productivity because it reduces
levels of management
research and development costs
employee wages
wasted resources.
Research and development speed up production by
providing employees with adequate job training
simplifying existing products.
limiting inflation
reviewing company goals with employees
To reduce the chance of investigations and orders to cease production, businesses should
adhere to government regulations.
purchase the most up-to-date technology available
specialize
lobby members of Congress
Why are better trained and educated workers often more productive?
They are less likely to take vacation and sick days
They are more likely to become managers
They tend to be more organized and able to manage their time wisely.
They tend to have a higher gross domestic product per capital
Sharing business goals and objectives with workers is a method of increasing productivity through
motivation
communication.
mass production
specialization
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
quality of work life
specialization
motivation
participative decision-making.
What is a method that managers can use to motivate employees?
Investing in new technology
Offering performance-based financial rewards
Encouraging employees to specialize
Sharing customer information with employees
The amount and value of outputs produced from set amounts of resources are known as
mass production
objectives
inputs
productivity
Fair salaries and wages, competitive benefits, and safe and healthful working conditions are all important in creating a good
standard of living
quality of work life
competitive advantage
division of labor
Janine works for a gift-wrapping service. During a typical eight-hour work day, Janine wraps 52 gifts. What is her productivity rate?
6.5 gifts per hour
17.3 gifts per hour
2.2 gifts per hour
7.0 gifts per hour
One way that the productivity of a business can be measured is by
calculating the total monetary costs of all inputs used
determining the amount of time needed to gather all necessary inputs
dividing the dollar value of total sales by the costs of making those sales
dividing the number of products made by the cost of distributing those items
Why is the productivity of service businesses measured differently than that of manufacturing businesses?
Service businesses are less efficient than manufacturers
Service businesses are concerned about the appropriateness of their products
Manufacturers measure their productivity on a regular basis
Manufacturers produce intangible goods
Why should productivity be measured?
To find new ways to meet customer needs
To determine the best ways to invest company profits
To locate new sources of inputs
To see whether the business’s objectives are being met
A positive effect that productivity has on a business is helping it
increase sales and profits
determine the health of the nation’s economy
increase the standard of living
stop inflation
How does increased business productivity benefit consumers?
Costs of labor and prices increase, so inflation goes up
More goods and services become available, so prices go up
More goods and services become available, so prices go down
The gross domestic product goes down, so inflation goes up
Gross domestic product per capita is a measure of
everything a country produces within its borders
the average worker’s productivity
everything a country imports from foreign countries
everything a country exports
