MAN2021 MODULE 8

Which of the following companies does your text say makes excellent use of robotics to improve warehouse productivity?

Amazon

Identify the algebraic equation to determine the break-even point.

BE = FC/(P-VC)

________ involves ensuring that an event occurs as it was planned to occur.

Control

________ is a plan of action aimed at providing the organization with the right facilities to produce the needed output at the right time.

Correct Capacity strategy

To control successfully, managers must understand not only the control process, but also how organization members relate to it.

Correct demonstrate a high level of expertise

Which of the following information would be most appropriate for the first-line management of a large corporation?

Correct detailed reports of problems

Information required for decisions related to strategic planning should ________.

Correct emphasize the future

A(n) ________ is an expense incurred by the organization regardless of the number of products produced.

Correct fixed cost

Which of the following is NOT a factor that determines the value of information?

Correct information cost

A company uses current ratio to analyze its financial position. Which of the following information can be obtained from current ratio?

Correct information on the short-term solvency

Which of the following can be considered annual fixed costs for a publishing company?

Correct salaried labor

Which of the following information would be most appropriate for the middle management of a large corporation?

Correct summaries and exception reports of operating results

Data refers to the set of conclusions derived from the analysis of facts and figures that relate to the operation of an organization.

False

"Paralysis by analysis" is generally caused by ________.

True

Productivity is the relationship between the total amounts of goods or services being produced and the organizational resources needed to produce them.

True

Which of the following outlines the financial plan of an organization for a particular period?

budget

The extent to which an individual is able to influence others so they respond to orders is called ________.

power

A ________ is a sign that a problem exists.

symptom

Altratex is the manufacturer of electronic power stabilizers. The company has spent $50,000 toward the purchase of capital goods and machinery. It has also paid $8,000 toward annual building maintenance and $1,500 for annual insurance premium. The company has 15 permanent employees who earn an annual salary of $1,500 each. The company pays a 10 percent commission to retailers. The other variable costs for producing a stabilizer is $15. How many units should the company sell in order to recover its investment if each unit is priced at $40?

3905

Which of the following is the best strategy that a company can use to improve organizational productivity?

Correct Automate the lengthy processes that exist in the value chain.

________ helps managers understand the relationships between fixed costs, variable costs, total costs, and profit and loss within an organization.

Correct Break-even analysis

Since information is central to all organizational decision making, there is no such thing as too much information.

Correct False

________ is a segment of technology which uses computers and telecommunication devices that focus on the use of information in the performance of work.

Correct Information technology

________ is the extent to which the receipt of information allows decisions to be made and action to be taken so the organization can gain some benefit from possessing the information.

Correct Information timeliness

In response to the increasing threat of security issues to information systems, private and public organizations around the world came together in 1992 to form the ________.

Correct International Information Security Foundation

Which of the following is the most accurate observation of product quality?

Correct It is a measure of how well a product does what it is intended to do.

Furntech Corporation manufactures and markets traditional and computer-related office products and supplies. The company is looking for ways to improve its productivity to become more competitive. Which of the following actions of the company will be least effective in improving organizational productivity?

Correct It reduces its level of production to focus on product quality.

________ is a technique for reducing inventories to a minimum by arranging for production components to be delivered to the production facility only when it is about to be used.

Correct Just-in-time control

________ is a control technique that allows only significant deviations between planned and actual performance to be brought to a manager's attention.

Correct Management by exception

________ is an operations control activity that determines the flow of materials from vendors through an operations system to customers.

Correct Materials control

Which of the following is true about managing the IS workforce?

Correct Outsourcing IS work overseas creates problems such as integrating domestic and nondomestic workforces and defining global work expectations.

________ have been called the "Siamese twins of management."

Correct Planning and controlling

________ sets the goals for the firm, while ________ monitors progress towards the accomplishment of the goals.

Correct Planning; controlling

________ is an operational plan of action outlining which goods and services an organization will produce and market.

Correct Product strategy

________ standards are those associated with making contributions to the community.

Correct Social responsibility

The typical IS is a formally established organizational network that gives managers continual access to vital information.

Correct True

Work methods analyses are completed by management as an operational tool that is performed for new or existing jobs to improve productivity and ensure the safety of workers.

Correct True

The operations manager of Pegasus Inc. wants to know the return on investment on a recent promotional drive to develop the marketing strategy for next year. The marketing manager sends him a detailed report on all the personnel in his department and the salaries and bonuses paid to them over the past year. This information is likely to be useless to the operations manager because it is not ________.

Correct appropriate

As part of the controlling process, you have finished measuring the performance of your team. What must you do next?

Correct compare measured performance to standards

Which of the following is an example of a modern capacity strategy?

Correct construct smaller and more specialized plants that focus on a few tasks

In reality, a firm's focus on quality processes are actually more of a/an ________ than a/an ________.

Correct continuous journey; destination

Keith is struggling understanding what his manager meant when he was told to focus on the resources utilized during the transformation process. Which of the following best defines what "transformation" means in this context?

Correct converting organizational resources into products

Which of the following ratios is best suited to analyze how the company finances its projects?

Correct debt ratio

David Lamb leads a team of engineers at Alpha technologies, a leading software company. David started his career as a program developer and is widely recognized as a subject matter expert. He is not very involved in the day-to-day management of the team and instead promotes a great deal of autonomy among team members. However, he does help out if the team comes across unanticipated problems associated with atypical tasks. This is an example of ________.

Correct management by exception

Which of the following activities improves IS effectiveness?

Correct managing user satisfaction

The assets available to managers for production are called ________.

Correct organizational resources

The total power a manager possesses is made up of two different kinds of power: ________.

Correct position power and personal power

A/An ________ is any factor within an organization that is a barrier to organizational goal attainment, while a/an ________ is a sign a barrier does exist.

Correct problem; symptom

Which of the following techniques is best suited to analyze the financial position of an organization?

Correct ratio analysis

In management terms, information refers to ________.

Correct the set of conclusions derived from the analysis of data that relate to the operation of an organization

Which among the following is a goal of value analysis?

Correct to reduce costs by using cheaper components and materials in such a way as to not affect the product quality

A budget that automatically indicates an increase in the amount of resources allocated for various organizational activities when production levels go up is called a(n) ________.

Correct variable budget

Effectiveness refers to doing things right whereas efficiency refers to doing the right things.

False

Most managers have substantial control over increasing their position power.

False

The typical IS is a formally established organizational network that gives managers continual access to vital information.

True