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Question estion : (TCO 4) Susan has a part-time “cot

26 May Question estion : (TCO 4) Susan has a part-time “cot

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Question

estion : (TCO 4) Susan has a part-time “cottage industry” producing seasonal plywood yard ornaments for resale at local craft fairs and bazaars. She currently works a total of 5 hours per day to produce 10 ornaments. She thinks that by redesigning the ornaments and switching from use of wood glue to a hot glue gun, she can increase her total production to 25 ornaments per day. What is her new productivity?

Student Answer: 2 ornaments per hour

3 ornaments per hour

4 ornaments per hour

5 ornaments per hour

Instructor Explanation: 25 ornaments/5 hours = 5 ornaments/hour (Formula 1.1, Chapter 1, pages 20 and 21, Solved Problems)

Points Received: 3 of 3

Comments:

Question 4. Question : (TCO 4) The Dulac Box plant produces 500 cypress packing boxes in two 8-hour shifts. The use of new technology has enabled them to increase productivity by 50%. Productivity is now approximately _____.

Student Answer: 32.55 boxes per hour

40.6 boxes per hour

46.875 boxes per hour

81.25 boxes per hour

300 boxes per hour

Instructor Explanation: 500 crates x 150% = 500 x 1.50 = 750 crates/16 hours; 750 crates/16 = 46.875 crates/hour (Formula 1.1, Chapter 1, pages 20 and 21, Solved Problems)

Points Received: 3 of 3

Comments:

Question 5. Question : (TCO 2) A mission is _____.

Student Answer: the purpose or rational for an organization’s existence

a broad statement of strategies

a simulation used to test various product line options

a plan for cost reduction

an action plan to achieve the mission

Instructor Explanation: Chapter 2

Points Received: 3 of 3

Comments:

Question 6. Question : (TCO 2) The impact of a firm’s strategies to achieve their mission is which of the following?

Student Answer: They exploit opportunities and strengths.

They operate on medium-range tactics.

They are not long range.

They neutralize threats and avoid weaknesses.

They both exploit opportunities and strengths, and they neutralize threats and avoid weaknesses.

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