Term Paper Art History

1409 Words Feb 1st, 2013 6 Pages
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
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14. Sales volume variances can have significant implications for strategic management. It may indicate that the market: A) may be smaller than originally planned. B) mix is different than initial estimates. C) is stronger than previously thought. D) needs a more aggressive strategy. E) all of the above.

15. In analyzing factors attributable to the change in a firm's operating income from one year to the next, which of the following effect(s) may be included in the price-recovery factor? | Revenue Effect | Cost Effect | A) | Yes | Yes | B) | Yes | No | C) | No | Yes | D) | No | No |

16. In analyzing factors attributable to the change in a firm's operating income from one year to the next, which of the following effect(s) may be included in the growth factor? | Revenue Effect | Cost Effect | A) | Yes | Yes | B) | Yes | No | C) | No | Yes | D) | No | No |

17. In analyzing the change in a firm's operating income from one year to the next, which of the following factors measures the change attributable solely to the change in the quantity of inputs spent in year 2 relative to the quantity of inputs that would have been used in year 1 to produce the year 2 output? A) Growth. B) Price-recovery. C) Productivity. D) Cost effect. E) Purchase price.

18. Which of the following factor(s) is (are) likely to be significant for a firm with a successful cost leadership strategy?

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