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Stichworte: manufacturing firms
What term refers to the knowledge, skills, and abilities of a firms workers?
If firms are earning zero economic profits, they must be producing at an output level at which
Why would foreign firms export a product at less than its cost of production?
What is the difference between manufacturing processes and service processes?
Continuous manufacturing means; products are made with constant interruption in the production line.
Which one of the following is not an appropriate reason why firms try to grow?
What is the importance of strategic leadership in business firms organization?
If a firm uses variable costing, fixed manufacturing overhead will be included
The ratio of earnings to sales for a given time period is a firms profit margin.
Why is the statement of cash flows important in evaluating a firms performance?
What is the main difference between a firm’s immediate and external environments?
Entry of new firms into monopolistically competitive industries is relatively easy because
How might a given country’s regulatory environment impact a firm’s international strategy?
When firms see distribution partners as rivals this is known as channel conflict
Is a type of unsecured promissory note issued by large financially strong firms?
What is the primary reason that the loss of manufacturing jobs hurts the financial well being of Americas workers?
If a firm uses absorption costing, fixed manufacturing overhead will be included
By increasing the perceived value of a firms products or services, a firm will be able to
What term describes a philosophy in which similar parts are grouped into families and the processes to make the parts are arranged into manufacturing cells?
A strategy in which firms collaborate to achieve a shared objective is known as:
Which of the following firms is most likely to identify avoiding risks as an objective?
What is the advantage for a business that uses offshoring in their manufacturing process?
A ____ business sells directly to consumers products manufactured by other firms.
A ___________________ merger joins two firms operating in different stages of business.
Unlike a monopolistic firms product, a monopolistically competitive firms product
Assume a manufacturing company is deciding whether to make or buy a component part
Which of the following statements is not true of manufacturing company accounting?
Which of the following is an advantage that small firms have over large businesses?
Which of the following business tools focus on a firms external threats and opportunities?
The firms overemphasis on cost reduction and short-term profits will increase the size of the
Why is a competitive firms marginal cost curve regarded as its supply curve quizlet?
Which of the following statements is true of perfectly competitive firms in long run equilibrium?
Which of the following would not be included in the value chain of manufacturing company?
Which of the following is the most ethical action a company can take if a product does not live up to manufacturing claims the company must?
What strategy involves seeking ownership of or increased control over a firms competitors?
One important difference between service companies and manufacturing companies is that
In a lean manufacturing organization the emphasis is on cost, efficiency, and hierarchy
Why is it misleading to compare a companys financial ratios with those of other firms that operate within the same industry?
Aggregate planning for service firms with high-volume tangible output is directed toward
At the time scientific management was introduced to U.S. manufacturing craft unions were
What are the three costs that are added to Work in Process accounts of a manufacturing company?
Middle managers make long range strategic decisions about the firms products and services
For a supervisor of a manufacturing department, which of the following costs are controllable
Service operations are non manufacturing operations which also converts input into outputs which are
What are the three inventory accounts used to record manufacturing cost in what order are these accounts used?
What effect does bringing together the skills and knowledge of members from different parts of the organization have on a firms responsiveness to customers?
What involves actually distinguishing the firms market offering to create superior customer value?
Which of the following growth strategies employs the existing marketing mix and focuses the firms efforts on existing customers?
The tendency of firms to extend sales ownership and manufacturing to new markets abroad is
Normally, the more involved a board of directors is in shaping the firms strategic direction, the:
Which cost accumulation is most applicable in continuous mass production manufacturing environment?
What term is used to refer to the cost that are indirectly associated with the manufacture of the finished product?
Manufacturing cost per unit will be higher under variable costing than under absorption costing.
Are selling and administrative expenses treated as product costs or period costs under variable costing What about manufacturing overhead MOH costs?
Using absorption costing, which of the following manufacturing costs are assigned to products?
Cost of goods manufactured is to a manufacturing enterprise as is to a merchandising enterprise
To support the other promotional efforts, firms use ________ to generate free media attention.
If the goal is to maximize profit, at which point on the graph would a firm’s output be optimized?
Which of the following is not an example of a firm’s efforts toward greater sustainability?
The best way to understand a firms financial health and stability is to look at its ______.
Which financial statement shows a firms bottom line its profit or loss after costs expenses and taxes for a specific period?
To evaluate the effectiveness or performance of a marketing strategy, firms most effectively use
What is the difference between a manufacturing business and a merchandising business give an example of each type of business?
Firms that buy products from manufacturers and ultimately resell them to retailers are called:
Are short term incentives which are used by firms to encourage the buyers to make immediate purchase of their products?
Which framework helps firms identify their economic legal ethical and philanthropic obligations to society quizlet?
How did the introduction of assembly line manufacturing influence business during the gilded age?
Which of the following is a difference between entrepreneurially managed firms and traditionally managed firms?
In the short run, which of the following is true of a firms average total cost of production
The trend away from personal salespeople to self-service in many retail outlets has caused firms to:
When a few firms with market power agree to restrict output and/or charge higher price, it is called
To which of the following firms is the term “repeatedly evolving strategy” most applicable?
Which term describes when an outsourcing decision refers to the components of a manufacturing product?
In many smaller firms the managers role is to direct the employees telling them exactly what to do
Which statement correctly identifies the motivation of firms using a market segmentation strategy?
How often are member firms required to disclose their current financial situation to customers?
Which of the following dimensions of a firms relationships with customers is concerned with its access and connection to customers?
Is pursued primarily by manufacturing firms and _____ is employed primarily by service firms
Which of the following market type has a large number of firms that sell similar but slightly different products?
True or false: in a manufacturing process, capacity is always measured in outputs, never in inputs.
Thompson manufacturing implemented a decision support system (dss) with the goal of ________.
Who are the distribution channel firms that help a company find customers or make sales to them?
Which of the following describes the basic Web policy of large firms during the Invention period
Is the amount of money remaining from a firms sales revenue after it deducts production cost interest cost and taxes?
Which of the following terms refers to having local employees abroad do jobs that the firms domestic employees previously did in House *?
Which of the following is a human resource issue that firms have to balance because of globalization quizlet?
Which of the following is not a significant difference between manufacturing and service operations
What are the different levels of diversification firms can pursue by using different corporate level strategies?
Which of the following is the rationale behind the development of flexible manufacturing techniques?
A firm manufactures custom-made furniture. which facilities layout would best suit the firms needs?
How are internal factors different from external factors in a firms competitive environment?
Scms makes lean manufacturing processes such as just-in-time inventory practical. scms stands for:
Which of the following is most likely a characteristic of firms that adopt a reactive approach toward the marketing environment *?
Which are the two core perspectives in answering the question what determines the success or failure of global firms?
Which of the following types of system could be used to enable different firms to work collaboratively on a product?
Which of the following is a service that provides short term specialized recruiting to support specific projects without the expense of retaining traditional search firms?
Which of the following terms refers to the background investigations tests and physical exams that firms use to identify viable candidates for a job *?
What will be the effect on equilibrium price and equilibrium quantity when number of firms increase
Which of the following might you find in a job description for a managerial accountant in a manufacturing company?
Managing the supply chain has become more important as a result of firms increasing their levels of
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