EC-018
Janine works for a gift-wrapping service. During a typical eight-hour work day, Janine wraps 52 gifts. What is her productivity rate? a. 2.2 gifts per hour b. 6.5 gifts per hour c. 7.0 gifts per hour d. 17.3 gifts per hour
6.5 gifts per hour
what is a likely result when workers' wages rise throughout the economy while productivity decreases? a. prosperity b. increase sales c. lower prices d. inflation
Inflation
what is the effect of declining productivity on society? a. increase labor disputes may occur b. resources are use more effectively c. inflation is prevented d. The standard of living drops
The standard of living drops
which of the following is a standard use in measuring an individual worker's productivity: a. method b. input c. time d. ratio
Time
Why should productivity be measured? a. to locate new sources of inputs b. to find new ways to meet costumer needs c. to see whether the business's objectives are being met d. to determine the best ways to invest company profits
To see whether the business's objectives are being met
To reduce the chance of investigations and orders to cease production, businesses should a. purchase the most up-to-date technology available b. adhere to government regulations c. lobby members of Congress d. specialize
adhere to government regulations
Sharing business goals and objectives with workers is a method of increasing productivity through a. motivation b. mass production c. communication d. specialization
communication
One way that the productivity of a business can be measured is by a. dividing the dollar value of total sales by the costs of making those sales b. determining the amount of time needed to gather all necessary inputs c. dividing the number of products made by the cost of distributing those items d. calculating the total monetary costs of all inputs used
dividing the dollar value of total sales by the costs of making those sales
A factor that can increase productivity is a. population growth b. education c. unskilled workers d. labor unions
education
A positive effect that productivity has on a business is helping it a. determine the health of the nation's economy b. increase sales and profits c. increase the standard of living d. stop inflation
increase sales and profits
The equipment, ingredients, and employee labor at a restaurant are all a. mass production b. objectives c. inputs d. productivity
inputs
which of the following may help increase of business's productivity: a. reduction of research and development b. One way communication c. increased government regulation d. mass production
mass production
How does increased business productivity benefit consumers? a. cost of labor and prices increase, so inflation goes up b. the gross domestic product goes down, so inflation goes up c. more goods and services become available, so prices go down d. more goes and services become available, so prices go up
more goods and services become available, so prices go down
The amount and value of output is produced from set amounts of resources are known as a. objectives b. inputs c. productivity d. mass production
productivity
The owner of the Hobbs company announced that all employees would be getting a 5% raise starting next month because "We were able to decrease labor cost, yeah our output and profits were up." The raises are primarily due to an increase in a. employees b. productivity c. overtime work d. sales
productivity
A factory that mass produces clothing increases productivity because it reduces a. employee wages b. research and development costs c. levels of management d. wasted resources
wasted resources
The amount of work that an individual can produce in a given period of time is a measure of a. division of labor b. specialization c. worker productivity d. Job simplification
worker productivity
What is a method that managers can use to motivate employees? a. investing in new technology b. sharing customer information with employees c. offering performance-based financial rewards d. encouraging employees to specialize
offering performance-based financial rewards
The goods and services produced as the result of combining the necessary resources are known as a. mass production b. outputs c. productivity d. inputs
outputs
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 a. motivation b. quality of work life c. specialization d. participative decision-making
participative decision-making
Which of the following is an example of using capital investment to increase productivity: a. making suggestions to improve the organization b. purchasing new computers c. giving performance-based bonuses d. renegotiating a supplier's contract
purchasing new computers
Fair salaries and wages, competitive benefits, and safe and healthful working conditions are all important in creating a good a. division of labor b. quality of work life c. competitive advantage d. standard of living
quality of life
this is usually express their productivity as a(n) a. output or input b. percentage or output c. ratio or percentage d. ratio or input
ratio or percentage
One way for a business to increase productivity is to increase its a. prices b. environmental concern c. research and development d. imports
research and development
Why is the productivity of service businesses measured differently than that of manufacturing businesses? a. service businesses are less efficient than manufacturers b. service businesses are concerned about the appropriateness of their products c. manufactured measure their productivity on a regular basis d. manufactures product intangible goods
service businesses are concerned about the appropriateness of their products
Research and development speed up production by a. simplifying existing products b. limiting inflation c. reviewing company goals with employees d. providing employees with adequate job training
simplifying existing products
A company producers only one type of shoe, since this is the product it is best able to product with its resources. This is an example of a. specialization b. competitive advantage c. productivity d. division of labor
specialization
Lack of standardization occurs when a. team members do not get along with each other b. products are complex and difficult to assemble c. employees don't understand how to use a machine or tool d. tasks and processes are done differently every time
tasks and processes are done differently every time
Gross domestic product per capita is a measure of a. the average worker's productivity b. everything a country imports from foreign countries c. everything a country export d. everything a country produces within its borders
the average worker's productivity
Why are better trained and educated workers often more productive? a. They tend to be more organized and able to manage their time wisely b. They are more likely to become managers c. They are less likely to take vacation and sick days. d. They tend to have a higher gross domestic product per capita
the tend to be more organized and able to manage their time wisely