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BUS 515 Final Part 2

A final exam segment covering business principles and management strategies.

Olivia Parker
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BUS 515 Final part2Multiple Choice Question 43For each work element in the time study, multiplying the mean observed time by theperformance rating factor by the frequency of occurrence results in what?thenormal time for the elementthe average observed time for the elementthe standard time for the elementthe average delay for the elementthe standard time for the jobMultiple Choice Question 21The approach that details the tasks of a job and how to do them is ____________________.work measurementjob evaluationmethods analysisjob designwork samplingMultiple Choice Question 64Disadvantages of individual incentive systems include allexceptwhich of the following?They undermine teamwork.Astudy has shown they had no effect on worker performanceThey avoid the “free-rider” problemThey need a significant amount of data collectionThey give employees a short-term focus.Multiple Choice Question 3Job design ensures that each employee’s _________ and ________ are geared towards achievingthe company’s mission.compensation, teamsduties, teamssatisfaction, compensationduties, responsibilitycompensation, responsibilityChapter 12Multiple Choice Question 17

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Companies can achieve cost-efficient operations by using which of the following inventoryapproaches?work-in-process to buffer operationsinventory building to leverage reduced setup costsJIT inventory to reduce overall costlevel work force maintenance throughspeculative sellingMultiple Choice Question 27Which of the following is an assumption of the basic EOQ model?Lead time is known and constant.Demand may be seasonal.Orders can arrive in partial shipments.Quantity discounts are consideredLost sales are allowed, but not back orders.Multiple Choice Question 5Which inventory function specifically is designed to allow the company to maintain a levelproduction strategy?anticipation inventoryfluctuation inventorylot-size inventorytransportation inventoryspeculativeinventoryMultiple Choice Question 20Which of the following isnotaffected by decisions about how much inventory to hold?item costsholding costsdepreciationordering costsstockout costsChapter 13Multiple Choice Question 16What type of aggregate plan sets labor and equipment capacity to satisfy demand each period?
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Document Details

University
University of Phoenix
Course
BUS 515
Subject
Business Management

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