5.05_EC18 POB Review Question Preview (ID: 59040)
Part A Review.
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The equipment, ingredients, and employee labor at a restaurant are all
a) inputs
b) objectives
c) productivity
d) mass production
The amount and value of outputs produced from set amounts of resources are known as
a) inputs
b) objectives
c) productivity
d) mass production
Janine works for a gift-wrapping service. During a typical eight-hour work day, Janine wraps 52 gifts. What is her productivity rate?
a) 17.3 gifts per hour
b) 2.2 gifts per hour
c) 7.0 gifts per hour
d) 6.5 gifts per hour
One way that the productivity of a business can be measured is by
a) determining the amount of time needed to gather all necessary inputs.
b) calculating the total monetary costs of all inputs used.
c) dividing the dollar value of total sales by the costs of making those sales.
d) dividing the number of products made by the cost of distributing those items.
Why is the productivity of service businesses measured differently than that of manufactur-ing businesses?
a) Service businesses are less efficient than manufacturers.
b) Manufacturers measure their productivity on a regular basis.
c) Service businesses are concerned about the appropriateness of their products.
d) Manufacturers produce intangible goods.
Why should productivity be measured?
a) To see whether the business’s objectives are being met
b) To locate new sources of inputs
c) To determine the best ways to invest company profits
d) To find new ways to meet customer needs
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.
How does increased business productivity benefit consumers?
a) More goods and services become available, so prices go down.
b) More goods and services become available, so prices go up.
c) Costs of labor and prices increase, so inflation goes up.
d) The gross domestic product goes down, so inflation goes up.
Gross domestic product per capita is a measure of
a) everything a country produces within its borders.
b) everything a country imports from foreign countries.
c) everything a country exports.
d) the average worker’s productivity.
When does Quarter 3 end?
a) Thursday March 24th
b) Friday March 25th
c) Wednesday March 23rd
d) Monday March 28th
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