Paul is approaching retirement and has decided to siphon off funds from his company rather than sell it. From his perspective, the advantage of systematically withdrawing cash from the firm is:
A. retaining control
B. preserving cash for later reinvestment
C. greater latitude in seeking out a buyer for the firm
D. increasing long-term returns from the business
Answer: A
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What is the term introduced to represent the concept of interdependence of organizations and publics in their environments?
A. Open system D. Proactive B. Integration E. Reactive C. Ecology
A local university is considering changes to its class structure in an effort to increase professor productivity
The old schedule had each professor teaching 5 classes per week, with each class meeting an hour per day on Monday, Wednesday, and Friday. Each class contained 20 students. The new schedule has each professor teaching only 3 classes, but each class meets daily (Mon.-Fri.) for an hour. New classes contain 50 students. a. Calculate the labor productivity for the initial situation (students/hour). b. Calculate the labor productivity for the schedule change (students/hour). c. Are there any ethical considerations that should be accounted for? d. Suppose that each teacher also is required to have 2 hours of Office Hours each day he/she taught class. Is the schedule change a productivity increase?
The advantage of maintaining enough manufacturing capacity to meet demand in any period is
A) very low inventory costs because inventory needs to be carried from period to period. B) very low inventory costs because no inventory needs to be carried from period to period. C) very high inventory costs because no inventory needs to be carried from period to period. D) very high inventory costs because expensive capacity would go unused during most months when demand was lower.
In Juran's quality trilogy, the process of meeting quality goals during operations is called:
a. quality control. b. quality planning. c. quality leadership. d. quality improvement.