10. A road-paving crew required 14 hours to repave a 5 mile stretch of road, usi
ID: 347556 • Letter: 1
Question
10. A road-paving crew required 14 hours to repave a 5 mile stretch of road, using $2,000 in materials. The crew consisted of four workers who each earn $20 an hour. Caleulate a multifactor estimate of productivity for this crew. a) 0.002193 miles of road per dollar b) 0.001603 miles of road per dollar c) 0.002404 miles of road per dollar 11. Characteristics that give a product competitive advantage are called: a) order qualifiers b) order winners c) cost d) quality 12. An organizations' defining statement about the future is its: a) strategy b) mission c) vision 13. If the multifactor productivity measure of one electrical generation plant is 14.236, while the same measure when calculated for a second plant is 15.012. The first plant is more productive. a) True b) False 14. A specific ability that distinguishes a business from its competitors, giving it an advantage in its market, is known as a what? a) core competency b) sub-contracting c) outsourcing d) order qualifier 15. Which of the following conditions would you expect to be true of a product in the 'maturity' phase of its product life cycle? I Producers of that product would create the product in large volumes. II. The product would be relatively expensive, compared to its pricing earlier in its life cycle III. There are fewer producers of this product now then during its earlier 'rapid growth' phase a) I only b) I and III c) II and III d) II onlyExplanation / Answer
10. Total miles = 5
Total dollars = 2000 + (20*4*14) = 3120
Miles / dollars = 5/3120 = 0.001603 miles of road per dollar
11. Quality
Quality of a product determines whether a product has competitive advantage or not
12. Vision: Vision gives a long term view of the organization
13. Higher is the multifactor productivity measure, higher is the productivity of plant.
Hence the statement s false.
14. Core competency: Core competency gives an advantage to the organization over its competitors.
15. First and third statements are correct.
Second statement is false because the product can be priced lesser or similar to the launch price as well.
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