107.

the father of scientific management is

Taylor
108. who among following is associated with contributions to quality control in operations
management?
Edwards
109. typical differences between goods and services do not include
Cost per unit
110 which is not true regarding differences between goods and services?
Goods tend to have higher customer interaction than services.
111. a foundry produces circular utility access hatches (manhole covers). If 120 covers are
produced in a 10-hour shift, the productivity of the line is
12
112 gibson valves produces cast bronze valves on an assembly line, currently producing 1600
valves each 8-hour shift, if the productivity is increased by 10%, it would then be
220
113. in which stage of the product life cycle should strategy focus on process modifications?
Introduction
114.which of the following would likely cause a change in market opportunities based upon levels
of income and wealth?
economic change
150 find the nominal rate which if compounded semiannually is equivalent to 6% compounded
152. a whole life annually due $2000 payable annually to a man aged 45.
153 a man age 40, a 5 years term policy for $10.000

95.it is defined as a long term debt of a firm or the government set forth in writing and made under
Bond
96. this type of bond issue permits the insurance of additional bond issues or series to be made
under the original mortgage secure by a single lien
Open-end issue
97. ________bonds are generally debenture bonds or junior-lien mortgage bonds wherein the
owner has option to exchange his bond for a specified number of shares of common stock or less
frequently preferred stock or other types of bonds
Convertible bond
98. a legally assured line of credit normally extended for two or three years time periods. This type
of loan funds working capital requirements.
Revolving credit
99 that portion of the financial market which deals with longer term loanable funds.
Capital market
100.any person engaged in the business underwriting securities issued by the other persons or
firms.
Investment banker
101.an organized market in which securities are bought and sold.
Stock exchange
102. an underwriting agreement wherein the investment house agrees to purchase the issue from
the issuing corporation.
Firm commitment basis
103. a person engaged in the business of buying and selling securities for the account of others.
Broker
104.a non-cancelable document that obligates the lessee to provide periodic rental payments
during the basic lease term
Financial lease

105. a lease provision allowing the lessor to raise the periodic rental payments at the some pre-
determined dates over the life of the lease, or in response to increases in costs.
Escalation cause
106. the person most responsible for popularizing interchangeable parts in manufacturing was
171.an increase in the aggregate price level will increase
172. a rise in occur productivity is most likely to result in.
173. in the long run, changes in the aggregate price level will be accompanied by:
174. the interest rate effect of an aggregate price level change causes:
the aggregate demand curve to be negatively sloped
175.expansionary fiscal policy.
11.in monopoly, which of the following is true?
12.the MR=MC rule:
13.if a few firms dominate an industry, the market is known as:
14. in a cartel member firms may be given a fixed amount to produce. This called a
15in the kinked demand curve theory , it is assumed that
16. a model of game theory of oligopoly is known as the:
17. in monopolistic competition
18 in porters five forces model, conditions are more favorable for firms within an industry if
19. barriers to entry:
20. in monopolistic competition
21. which one of the following could explain a shift to the right of the supply curve for a good
22.which is the following is the government most likely to subsidize?
23.with a positive externality
24 in a free market, the combination of products produced will be determined by
25. which of the following would cause the demand curve for automobiles to shift to the left?
26.a profit maximizing firm in perfect competition produces where
27.barriers to entry do not include
28.a profit maximizing firm in perfect competition produces where
29. pure monopoly means
30.the kinked demand curve theory assumes.
40. in monopolistic competition
31. in game theory
32. according to Schumpeter
Monopoly profits acts ........ Innovation
33. in the long run in perfect competition
34. a natural monopoly occurs when
Economies of scale
35. in monopolistic competition, if firms are making abnormal profit, other firms will enter and:
36. which is the following is correct? When the price of normal good Z falls:
both income and substitution effects cause the consumer to buy more.
37. a welfare loss occurs in monopoly where:
38.if marginal revenue equals marginal cost:
Profits maximize
39. in perfect competition

115. a product is life cycle is divided into four stages, which are
D. introduction, growth, maturity, and decline
116.reducing the complexity of a product and improving a product’s maintainability for use are
activities of
Manufacturability and value engineering
117. a graphic technique for defining the relationship between costumer desires and
product/services is
B. The house of quality
118. which is the following shows in schematic form how a product is assembled?
C. An assembly chart
119 which of the following phrases best describes product focus?
High fixed cost, low variable cost
120. service blueprinting
Focuses on the providers interaction with the customer
121. a drawing of the movement of material, product, or people is a
Flow diagram
122.in location planning, environmental regulations, cost and availability of utilities, and taxes are
Regional/community factors
123.which of these factors would be considered when making a location decision<putol ito dto>
Zoning regulations
71. Business
72 all of the following are objectives of business, except
None of the above
73. all of the following are the most common reasons for business failures, except
Protection of one's self and family
74. it is in this particular portion of the feasibility study where the appropriate form of
organization is determined.
Management study
75is it in this particular portion of the feasibility study where the future total demand for the
product is determined
Profitability
76. a _________ gives the holder the monopoly on the exploitation of literary or artistic work for a
certain period subject to renewal.
Copy right
77classification of promoter – they are those whose main occupation is business promotion.
Professional promoters
78this concept indicates that money increases in value with the passing of time.
Time value
79.a financial statement produced periodically. Normally at the end of a financial year, showing an
organization’s assets, liabilities, and the interest of the owners.
Balance sheet
80. one who acts as an intermediary between buyers and sellers but does not take title to the
securities
Broker
81. a financial market in which newly issued primary and secondary securities are trade for the
first time.
Primary market
82. financial market on which debt securities with an original maturity of one year or less are
traded.
Money market

83 over the counter

84 capital expenditure

85anticipated stock

86 short term credit

87 none of the above

88 trade acceptance

89capital stock

90debenture stock

91 it gives new holder

92preferred stock

93stock split

94 treasury stock

144 annuity

145 insurance
148 annuity due

149 conversion period

166aggregate demand to smooth out business fluctuations

167the gains from trade

169unemployment rate
the percentage of the labor force that is unemployed

170 std. Of living