Hello, these se are the questions! Let me know if you would be able to help! Thanks  1 . Accurate measurement of GDP is important to business decision-makers because this information will help them better determine the a. general happiness of a country's citizens. b. course of the economy and the direction of demand for their products. c. economic well-being of a particular group within a country. d. amount of leisure time available and the quality of life in a country. 2 . Which of the following would increase U.S. GDP? a. Ford Motor Company begins to produce and sell cars in China. b. Mercedes-Benz begins to produce and sell cars in Mississippi. c. An American investor buys 100 shares of Ford stock. d. An American investor purchases 100 shares of Mercedes-Benz stock. 3 . As per capita GDP has risen in the United States and other countries, a. life expectancy and leisure time have also risen and infant mortality and illiteracy have gone down.. b. life expectancy has risen but leisure time has gone down, while infant mortality and illiteracy have remained the same. c. various quality of life variables have been unaffected. d. most quality of life variables such as life expectancy and expenditures on leisure time activities have fallen. 4 . National income is a. personal income of individuals minus the taxes they pay. b. gross national product minus depreciation. c. employee compensation, self-employment income, interest, rents, plus corporate profits. d. consumption, investment, government expenditures, and net exports. 5 . Per capita GDP is a. real GDP divided by the GDP deflator b. a measure of income per person c. a measure of resources available to each person d. an indicator of the overall production of a government 6. Economists use the term "business cycle" to refer to a. the growth of small businesses into major corporations. b. changes in products that occur from improved technology. c. fluctuations in the level of real output and employment. d. periods of increases and decreases in the rate of inflation. 7. The type of unemployment caused by changes in the business cycle is a. cyclical unemployment. b. natural unemployment. c. frictional unemployment. d. structural unemployment. 8. Frictional unemployment is the result of a. not enough jobs for everyone to be employed. b. unemployed workers' skills not matching those needed for the available jobs. c. a decline in the demand for labor, such as during a recession. d. imperfect information and temporary periods of unemployment while workers are changing jobs. 9. Economists use the phrase "business cycle" when referring to fluctuations in a. the rate of real output and employment. b. interest rates. c. the consumer price index. d. the general level of prices. 10. Activists and nonactivists both believe that a. the self-corrective mechanism of a market economy works quite well. b. macro-policy should seek to minimize economic fluctuations, keep the inflation rat.

1. Hello,
these se are the questions! Let me know if you would be able to
help! Thanks
1
.
Accurate measurement of GDP is important to business
decision-makers because this information will help them better
determine the
a.
general happiness of a country's citizens.
b.
course of the economy and the direction of demand for their
products.
c.
economic well-being of a particular group within a country.
d.
amount of leisure time available and the quality of life in a
country.
2
.
Which of the following would increase U.S. GDP?
a.
Ford Motor Company begins to produce and sell cars in China.
b.
Mercedes-Benz begins to produce and sell cars in Mississippi.
c.
An American investor buys 100 shares of Ford stock.
d.
An American investor purchases 100 shares of Mercedes-Benz
stock.

2. 3
.
As per capita GDP has risen in the United States and other
countries,
a.
life expectancy and leisure time have also risen and infant
mortality and illiteracy have gone down..
b.
life expectancy has risen but leisure time has gone down, while
infant mortality and illiteracy have remained the same.
c.
various quality of life variables have been unaffected.
d.
most quality of life variables such as life expectancy and
expenditures on leisure time activities have fallen.
4
.
National income is
a.
personal income of individuals minus the taxes they pay.
b.
gross national product minus depreciation.
c.
employee compensation, self-employment income, interest,
rents, plus corporate profits.
d.
consumption, investment, government expenditures, and net
exports.

3. 5
.
Per capita GDP is
a.
real GDP divided by the GDP deflator
b.
a measure of income per person
c.
a measure of resources available to each person
d.
an indicator of the overall production of a government
6.
Economists use the term "business cycle" to refer to
a.
the growth of small businesses into major corporations.
b.
changes in products that occur from improved technology.
c.
fluctuations in the level of real output and employment.
d.
periods of increases and decreases in the rate of inflation.
7.
The type of unemployment caused by changes in the business
cycle is
a.
cyclical unemployment.
b.
natural unemployment.
c.

4. frictional unemployment.
d.
structural unemployment.
8.
Frictional unemployment is the result of
a.
not enough jobs for everyone to be employed.
b.
unemployed workers' skills not matching those needed for the
available jobs.
c.
a decline in the demand for labor, such as during a recession.
d.
imperfect information and temporary periods of unemployment
while workers are changing jobs.
9.
Economists use the phrase "business cycle" when referring to
fluctuations in
a.
the rate of real output and employment.
b.
interest rates.
c.
the consumer price index.
d.
the general level of prices.
10.
Activists and nonactivists both believe that
a.
the self-corrective mechanism of a market economy works quite

5. well.
b.
macro-policy should seek to minimize economic fluctuations,
keep the inflation rate low, and establish an environment
consistent with strong economic growth.
c.
discretionary monetary and fiscal policy can be used
successfully to speed the adjustment process and reduce the
swings of the business cycle.
d.
policies that stimulate aggregate demand can reduce the long-
term rate of unemployment.
11.
The time between implementation of a macro-policy change and
when the change exerts its primary influence is called the
a.
impact lag.
b.
recognition lag.
c.
administrative lag.
d.
tax reform lag.
12.
Computer forecasting models are most accurate at predicting the
economy when
a.
inflation is accelerating.
b.
there is a turn in the business cycle.
c.
economic conditions are relatively stable.

6. d.
supply shocks impact the economy.
13.
Computer forecasting models have
a.
been able to forecast changes in the growth rate of real GDP
with considerable accuracy.
b.
had only limited success predicting turns in key economic
variables such as real GDP.
c.
been able to accurately forecast the future direction of inflation
but not real GDP.
d.
been able to accurately forecast the future direction of real GDP
but not inflation.
14.
Which of the following is a widely-used and closely-watched
forecasting tool concerning the future direction of the macro-
economy?
a.
the excess reserves of commercial banks
b.
the Phillips curve
c.
the index of leading indicators
d.
the current budget deficit or surplus
e.
the velocity of the M1 money supply

7. ----------------------
13.
Which of the following is a common risk in adopting new
technology?
a.
The technology doesn't work as expected.
b.
The technology quickly becomes obsolete by newer
technologies.
c.
The
company
and its employees are not able to fully capitalize on all the
benefits of a technology.
d.
Customers do not buy the new technology.
e.
All of the above.
14.
The advantages of outsourcing include the following, EXCEPT:
a.
achieving
higher performance.
b.
greater
flexibility.
c.
cost
reductions.
d.
knowledge
increases.

8. e.
enhanced
marketing.
15.
Examples of key supply chain management decisions at the
Sony Corporation include:
a.
financing
the capital expenditures related to the manufacturing capacity
and the selection of product markets.
b.
determination
of the manufacturing capacity and the logistic network to move
product between plants and product markets.
c.
development
of new products and the production of the product mix.
d.
financing
the capital expenditures to produce the various product mixes.
e.
marketing
the product mix and the determination of the supplier network.
16.
If an organization invests in prevention costs:
a.
internal
failure costs, external failure costs and assurance costs may
also be reduced.
b.
internal
failure costs, external failure costs and assurance costs will

9. increase.
c.
internal
failure costs, external failure costs and assurance costs will not
be impacted.
d.
internal
failure costs and external failure costs will be reduced but
appraisal cost will increase.
e.
internal
failure costs and external failure costs will increase and
appraisal cost w
ill decrease.
17.
A typical product will go through the following stages in the
product life cycle, EXCEPT:
a.
introduction
.
b.
growth
.
c.
decline
.
d.
phase
out.
e.
maturity
.

10. 18.
In the service process matrix the mass service is categorized by:
a.
low
customer involvement and high labor intensity.
b.
low
customer involvement and low labor intensity.
c.
high
customer involvement and high labor intensity.
d.
high
customer involvement and low labor intensity.
e.
None of the above.
19.
A ________ is scheduled when planned on-hand inventory is
equal to or less than safety stock.
a.
beginning
inventory
b.
gross
requirements
c.
planned
receipts
d.

11. scheduled
receipts
e.
projected
on-hand inventory
20.
If a project needs to be crashed, the manager will typically
focus on activities which:
a.
are
not on the critical path.
b.
are
costly to crash.
c.
are
the least costly to crash.
d.
are
on the critical path and are the least costly to crash.
e.
are
on the critical path and are the most costly to crash.
21.
The firms two best selling products sell at the following profit
margin: $20 for product 1 and $40 for product 2. The marketing
department recommends that at least 100 of each type of
product be produced per day. Product 1 requires 5 labor-hours
in the fabrication department and
2 labor-hour in the assembly department
. Product 2 requires 5 labor-hours in the fabrication department
and 3 labor-hours in the assembly department. There are
currently 150 workers in the fabrication department and 75

12. workers in the assembly department each shift. There are three
8-hour shifts per day (overtime is not permitted).
Formulate this information as a profit-maximizing linear
programming problem with the following decision variables:
X1 = the number of units of product 1 produced
X2 = the number of units of product 2 produced
The assembly constraint should be expressed as:
a.
X1 +
X2 75
b.
X1 + X2 1800
c.
2X1 +
3X2 75
d.
2X1 + 3X2 1800
e.
3X1 + 2X2 1800
22.
The type of waste present in a production system is that
associated with the unevenness of the processes is known as:
a.
JIT.
b.
mura
.
c.
muda
.

13. d.
muri
.
e.
kaizen
.
23.
Which type of manufacturing technology is used to assist in
tracking information related to the manufacturing process?
a.
processing
technologies
b.
design
technologies
c.
product
technologies
d.
administrative
technologies
e.
manufacturing
technologies
24
. Which type of international production facility's primary role
is to collect information?
a.
offshore
factory
b.
source

14. factory
c.
server
factory
d.
contributor
factory
e.
outpost
factory
25. DMAIC stands for
a. Define, Measure, Analyze, Improve, and Control
b. Dog, Mail, Analyze, Insurance, Copy
c. Nothing
d. Define, Measure, Analyze, Intern, Control
e. Define, Measure,
Analyyze
, Improve, Cost