BUSI 650 Module 1 Quiz: Strategy and Competitiveness |Questions with 100% Correct Answers |
Verified | Latest Update- Liberty University
Quiz: Strategy and Competitiveness
Due Mar 24 at 11:59pm
Points 50
Questions 21
Time Limit 30 Minutes
Instructions
The quiz:
Covers the Learn/Textbook material from Module 1: Week 1.
Contains 20 multiple-choice and true/false questions and 1 essay question.
Is limited to 30 minutes.
Allows 1 attempt.
Is worth 50 points.
Submit this assignment by 11:59 p.m. (ET) on Sunday of Module 1: Week 1.
Attempt History
Attempt Time Score
LATEST Attempt 1 25 minutes 49.5 out of 50
Correct answers are hidden.
Score for this quiz: 49.5 out of 50
Submitted Mar 23 at 3:29pm
This attempt took 25 minutes.
Question 1
pts
Which of the following uses techniques from Toyota Production System and JIT to eliminate
waste and non-value-added activities?
Enterprise and material requirements planning
Lean Management
Quality Control
Capacity Management
Question 2
pts
1/7
, Which business strategy waits for the product to become fairly standardized and is demanded in
large volumes?
First-to-market
Cost minimization or late-to-market
Second-to-market
Market Segmentation
Question 3
pts
Inputs in a bank’s production system may include:
Loan default rates and the environment
Interest rates and wage rates
Checks and deposits
Federal Reserve decisions and the economy
Question 4
pts
A distinction between normal goods and information/knowledge is that
Normal goods wear out, but information/knowledge does not
Information/knowledge can be given or sold to many others
Information/knowledge is subject to diminishing returns, but physical outputs are subject to increasing returns
Both A and B
Question 5
pts
A type of output that commonly results from a production system is:
A product
A service
Neither A nor B
Both A and B
2/7
Verified | Latest Update- Liberty University
Quiz: Strategy and Competitiveness
Due Mar 24 at 11:59pm
Points 50
Questions 21
Time Limit 30 Minutes
Instructions
The quiz:
Covers the Learn/Textbook material from Module 1: Week 1.
Contains 20 multiple-choice and true/false questions and 1 essay question.
Is limited to 30 minutes.
Allows 1 attempt.
Is worth 50 points.
Submit this assignment by 11:59 p.m. (ET) on Sunday of Module 1: Week 1.
Attempt History
Attempt Time Score
LATEST Attempt 1 25 minutes 49.5 out of 50
Correct answers are hidden.
Score for this quiz: 49.5 out of 50
Submitted Mar 23 at 3:29pm
This attempt took 25 minutes.
Question 1
pts
Which of the following uses techniques from Toyota Production System and JIT to eliminate
waste and non-value-added activities?
Enterprise and material requirements planning
Lean Management
Quality Control
Capacity Management
Question 2
pts
1/7
, Which business strategy waits for the product to become fairly standardized and is demanded in
large volumes?
First-to-market
Cost minimization or late-to-market
Second-to-market
Market Segmentation
Question 3
pts
Inputs in a bank’s production system may include:
Loan default rates and the environment
Interest rates and wage rates
Checks and deposits
Federal Reserve decisions and the economy
Question 4
pts
A distinction between normal goods and information/knowledge is that
Normal goods wear out, but information/knowledge does not
Information/knowledge can be given or sold to many others
Information/knowledge is subject to diminishing returns, but physical outputs are subject to increasing returns
Both A and B
Question 5
pts
A type of output that commonly results from a production system is:
A product
A service
Neither A nor B
Both A and B
2/7
