UKY AN 300 EXAM 1 QUESTIONS & ANSWERS
Which business function is responsible for planning, coordinating, and controlling the
resources needed to produce a company's products and services? - Answers
:operations management
Which one of the following would not generally be considered to be a transformation? -
Answers :*waiting to see the doctor
a haircut
manufacturing a radio
a train ride
a surgery
Which of the following is NOT an input? - Answers :buildings
managers
*services*
information
technology
Which of the following is not considered one of the four broad categories of competitive
priorities? - Answers :flexibility
cost
time
quality
*technology*
Which of the following would not be considered a core competency that a company
might have? - Answers :-use of information technology
-a highly trained workforce
skills in attracting and raising
capital
-quality control techniques
*an inefficient distribution
system*
Last week a painter painted 3 houses in 5 days. This week she painted 2 houses in 4
days. In which week was the painter more productive, and what was her productivity? -
Answers :wk 1= 3/5 = 0.6
wk 2=2/4 = 0.5
Week 1
Med-Tech Labs is a facility that provides medical tests and evaluations for patients,
ranging from analyzing blood samples to performing magnetic resonance imaging.
Average cost to patients is $60 per patient. Labor costs average $15 per patient,
materials costs are $20 per patient, and overhead costs are averaged at $20 per
, patient. If the average lab worker spends 3 hours for each patient, what is the labor
productivity ratio for Med-Tech? - Answers :$60 per patient/ 3 hours= $20 per hr
Med-Tech Labs is a facility that provides medical tests and evaluations for patients,
ranging from analyzing blood samples to performing magnetic resonance imaging.
Average cost to patients is $60 per patient. Labor costs average $15 per patient,
materials costs are $20 per patient, and overhead costs are averaged at $20 per
patient. What is the total productivity ratio for Med-Tech? - Answers :Labor Cost +
Material Cost + Overhead = $15 + $20 + $20 = $55
Multifactor productivity = Value of Output / Value of Inputs = $60 / $55 = 1.091
If inputs decrease by 6% and outputs decrease by 20%, what is the percentage change
in productivity? - Answers :Output/input = 80%/94% = 0.85106
1-0.85106=-14.89
C&A used to produce 500 units every 2 days, but 10% of the units were defective. After
installing a new process, defects have been eliminated. What is the percent increase in
productivity due to installing the new process? - Answers :new prod - old prod)/old prod
(500-450)/450 = .1111
C&A produces 263 cases of canned pineapples in two hours with 8 workers. The
canning operation has a 29% scrap rate. What is C&A's labor productivity in cases per
worker? - Answers :Scrap = 263 * 29% = 76.27
Number of workers =8
Productivity = (263 - 76.27) / 8
= 186.73/8
= 23.34125 per worker
Module #2 - Answers :
Benchmarking can result in the company - Answers :Improving its own processes
In break-even analysis, in order to make a profit the company must - Answers :Sell
above the break-even point
Which of the following is not considered to be one of the four basic patterns of time
series data? - Answers :*Vertical*
Trend
Horizontal
Cycle
Seasonality
Which forecasting method assumes that next period's forecast is equal to this period's
actual value? - Answers :Naïve
Which business function is responsible for planning, coordinating, and controlling the
resources needed to produce a company's products and services? - Answers
:operations management
Which one of the following would not generally be considered to be a transformation? -
Answers :*waiting to see the doctor
a haircut
manufacturing a radio
a train ride
a surgery
Which of the following is NOT an input? - Answers :buildings
managers
*services*
information
technology
Which of the following is not considered one of the four broad categories of competitive
priorities? - Answers :flexibility
cost
time
quality
*technology*
Which of the following would not be considered a core competency that a company
might have? - Answers :-use of information technology
-a highly trained workforce
skills in attracting and raising
capital
-quality control techniques
*an inefficient distribution
system*
Last week a painter painted 3 houses in 5 days. This week she painted 2 houses in 4
days. In which week was the painter more productive, and what was her productivity? -
Answers :wk 1= 3/5 = 0.6
wk 2=2/4 = 0.5
Week 1
Med-Tech Labs is a facility that provides medical tests and evaluations for patients,
ranging from analyzing blood samples to performing magnetic resonance imaging.
Average cost to patients is $60 per patient. Labor costs average $15 per patient,
materials costs are $20 per patient, and overhead costs are averaged at $20 per
, patient. If the average lab worker spends 3 hours for each patient, what is the labor
productivity ratio for Med-Tech? - Answers :$60 per patient/ 3 hours= $20 per hr
Med-Tech Labs is a facility that provides medical tests and evaluations for patients,
ranging from analyzing blood samples to performing magnetic resonance imaging.
Average cost to patients is $60 per patient. Labor costs average $15 per patient,
materials costs are $20 per patient, and overhead costs are averaged at $20 per
patient. What is the total productivity ratio for Med-Tech? - Answers :Labor Cost +
Material Cost + Overhead = $15 + $20 + $20 = $55
Multifactor productivity = Value of Output / Value of Inputs = $60 / $55 = 1.091
If inputs decrease by 6% and outputs decrease by 20%, what is the percentage change
in productivity? - Answers :Output/input = 80%/94% = 0.85106
1-0.85106=-14.89
C&A used to produce 500 units every 2 days, but 10% of the units were defective. After
installing a new process, defects have been eliminated. What is the percent increase in
productivity due to installing the new process? - Answers :new prod - old prod)/old prod
(500-450)/450 = .1111
C&A produces 263 cases of canned pineapples in two hours with 8 workers. The
canning operation has a 29% scrap rate. What is C&A's labor productivity in cases per
worker? - Answers :Scrap = 263 * 29% = 76.27
Number of workers =8
Productivity = (263 - 76.27) / 8
= 186.73/8
= 23.34125 per worker
Module #2 - Answers :
Benchmarking can result in the company - Answers :Improving its own processes
In break-even analysis, in order to make a profit the company must - Answers :Sell
above the break-even point
Which of the following is not considered to be one of the four basic patterns of time
series data? - Answers :*Vertical*
Trend
Horizontal
Cycle
Seasonality
Which forecasting method assumes that next period's forecast is equal to this period's
actual value? - Answers :Naïve
