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