Which of the following is NOT an advantage of rapid response?

Question

Question 1

2 out of 2 points

In the Service Matrix, to which quadrant does recreation belong?

Answer

a) Service shop

b) Professional service

c) Mass service

d) Service factory

Question 2

2 out of 2 points

Which of the following is NOT an advantage of rapid response?

Answer

a) First-mover advantage

b) Elimination of overhead

c) Improved morale and communication

d) Sharper focus on the customer

Question 3

2 out of 2 points

Which form of transportation system utilizes group technology?

Answer

a) Flow shop

b) Job shop

c) Cellular production

d) Project operations

Question 4

2 out of 2 points

Layout analysis is usually performed for the following purpose(s):

Answer

a) Maximize operational efficiency

b) Reduce safety or health hazards

c) Minimize interference or noise between areas

d) All of the above

Question 5

2 out of 2 points

Continuous processes are characterized by low to moderate output variety and one to few in batch size.

Answer

True

False

Question 6

2 out of 2 points

Customization occurs when

Answer

a) Products or services are world-class, suitable for most markets

b) Products or services are offered on a made-to-order basis

c) Products or services are developed with several options

d) Both A and C

Question 7

0 out of 2 points

As an alternative to research, industries where bringing a product to market is extremely expensive (for example, high technology or pharmaceuticals) tend to adapt the imitation strategy.

Answer

True

False

Question 8

2 out of 2 points

Which of the following is among the six major elements of a production system?

Answer

a) Inputs

b) Output

c) Monitoring and legislative compliance

d) Only A and B

Question 9

0 out of 2 points

Balancing a production line includes the following tasks, EXCEPT:

Answer

a) Finding a cycle time in which each workstation can complete its tasks

b) Take into account precedence relationships among tasks

c) Identify the task with the longest operation time

d) Calculate the number of workstations that completes the job in the minimum amount of time

Question 10

2 out of 2 points

Sub-optimization occurs when one part of the system is improved to the detriment of other parts of the system.

Answer

True

False

Question 11

2 out of 2 points

In the product-process matrix, when the size of a batch increases significantly, with a corresponding decrease in output variety, then the flow shop is appropriate.

Answer

True

False

Question 12

2 out of 2 points

Which of the following is NOT a major element of a service guarantee?

Answer

a) Must be unconditional

b) Must be easy to communicate and for the customer to understand

c) Must include preventive measures for “fail-safing”

d) Must be meaningful to the customer

Question 13

2 out of 2 points

Paced lines use some sort of conveyor to move output along the production line at a variable rate, so that operators do their work as they need.

Answer

True

False

Question 14

2 out of 2 points

In cellular production the cellular form allows for a level of customization usually found in job shops.

Answer

True

False

Question 15

2 out of 2 points

A distinction between normal goods and information/knowledge is that

Answer

a) Normal goods wear out, but information/knowledge does not

b) Information/knowledge can be given or sold to many others

c) Information/knowledge is subject to diminishing returns, but physical outputs are subject to increasing returns

d) Both A and B

Question 16

2 out of 2 points

Vision statements express the organization’s purpose or reason for existence.

Answer

True

False

Question 17

2 out of 2 points

The resource-based view considers the set of resources available to the organization as a secondary driver of the business strategy.

Answer

True

False

Question 18

2 out of 2 points

A general characteristic of a job shop is that it requires a small variety of inputs, and minimal variations in the time it takes for a complete “job”.

Answer

True

False

Question 19

0 out of 2 points

A renovation activity is any physical entity accompanying a transformation that adds value.

Answer

True

False

Question 20

2 out of 2 points

The product-process matrix developed by Hayes and Wheeelwright (1979) explains how transformation systems vary from project –on the top left corner-to continuous processes –on the bottom right corner. Its vertical axis illustrates:

Answer

a) Output quantity

b) Variety of outputs

c) Quality

d) Breadth of outputs

Question 21

2 out of 2 points

The cost-volume-distance (CVD) model is suitable for layouts in which moving materials or people between departments is a major consideration.

Answer

True

False

Question 22

2 out of 2 points

Bartmess and Cerny (1996) identify three elements of a core capability that hinders imitation; which of the following is NOT one of these elements?

Answer

a) It is complex and requires organizational learning over a period of time

b) It is based on multiple functional areas, both internal and external to the organization

c) It is a result of how the functions interact

d) It is based on the skills/knowledge within the functions themselves

Question 23

2 out of 2 points

A type of output that commonly results from a production system is:

Answer

a) A product

b) A service

c) Neither A nor B

d) Both A and B

Question 24

2 out of 2 points

Which of the following is NOT considered a characteristic of a service?

Answer

a) Intangible

b) Labor-intense production

c) Quality difficult to measure

d) Delayed consumption

Question 25

2 out of 2 points

Which of the following is FALSE for job shops?

Answer

a) Unique jobs must be produced

b) Output batch size is moderately large, to make it cost effective

c) The flow of work through facilities tends to be intermittent

d) Groupings of staff and equipment are done according to function

 

 

Income Statement

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Vertical analysis

An analysis that compares each item in a current statement with a total amount within the same statement.

of income statement

Instructions

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Income Statement

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Final Question

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Instructions

For 2016, Indigo Company initiated a sales promotion campaign that included the expenditure of an additional $39,000 for advertising. At the end of the year, Lumi Neer, the president, is presented with the following condensed comparative income statement:

Question not attempted.

Indigo Company
Comparative Income Statement
For the Years Ended December 31, 2016 and 2015

 

1   2016 2015
2 Sales $810,000.00 $500,000.00
3 Cost of goods sold 283,500.00 185,000.00
4 Gross profit $526,500.00 $315,000.00
5 Selling expenses $162,000.00 $90,000.00
6 Administrative expenses 56,700.00 45,000.00
7 Total operating expenses $218,700.00 $135,000.00
8 Income from operations $307,800.00 $180,000.00
9 Other income 72,900.00 45,000.00
10 Income before income tax $380,700.00 $225,000.00
11 Income tax expense 210,600.00 130,000.00
12 Net income $170,100.00 $95,000.00

 

 

  Required:
1. Prepare a comparative income statement for the two-year period, presenting an analysis of each item in relationship to sales for each of the years. Round your percentages to one decimal place. Enter all amounts as positive numbers.
2. To the extent the data permit, comment on the significant relationships revealed by the vertical analysis prepared in (1).

 

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X

Income Statement

1. Prepare an income statement in comparative form, stating each item for both years as a percent of sales. Round your percentages to one decimal place. Enter all amounts as positive numbers.

Question not attempted.

Indigo Company
Comparative Income Statement
For the Years Ended December 31, 2016 and 2015

 

1   2016 2016 2015 2015
2   Amount Percent Amount Percent
3 Sales $810,000.00   $500,000.00  
4 Cost of goods sold 283,500.00   185,000.00  
5 Gross profit $526,500.00   $315,000.00  
6 Selling expenses $162,000.00   $90,000.00  
7 Administrative expenses 56,700.00   45,000.00  
8 Total operating expenses $218,700.00   $135,000.00  
9 Income from operations $307,800.00   $180,000.00  
10 Other income 72,900.00   45,000.00  
11 Income before income tax $380,700.00   $225,000.00  
12 Income tax expense 210,600.00   130,000.00  
13 Net income $170,100.00   $95,000.00  

 

Solution

Indigo Company
Comparative Income Statement
For the Years Ended December 31, 2016 and 2015

 

1   2016 2016 2015 2015
2   Amount Percent Amount Percent
3 Sales $810,000.00   $500,000.00  
4 Cost of goods sold 283,500.00   185,000.00  
5 Gross profit $526,500.00   $315,000.00  
6 Selling expenses $162,000.00   $90,000.00  
7 Administrative expenses 56,700.00   45,000.00  
8 Total operating expenses $218,700.00   $135,000.00  
9 Income from operations $307,800.00   $180,000.00  
10 Other income 72,900.00   45,000.00  
11 Income before income tax $380,700.00   $225,000.00  
12 Income tax expense 210,600.00   130,000.00  
13 Net income $170,100.00   $95,000.00  

 

Points:

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Final Question

2. Comment on the significant relationships revealed by the vertical analysis prepared in (1).

The vertical analysis indicates that the costs other than selling expenses (cost of goods sold and administrative expenses) selector 1

deteriorated

improved

as a percentage of sales. As a result, net income as a percentage of sales selector 2

increased

decreased

by 2 percentage points. The sales promotion campaign appears to have been selector 3

unsuccessful

successful

. While selling expenses as a percent of sales selector 4

increased

decreased

slightly, the selector 5

increased

decreased

cost was more than made up for by selector 6

increased

decreased

sales.

Points:

Feedback

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Explanation

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Identify and summarize an emerging mobile or pervasive technology.

Emerging Technology: SWOT Analysis

When a new mobile or pervasive technology is being developed, how can developers know if the technology is ready to be deployed? The Strengths, Weaknesses, Opportunities, and Threats (SWOT) analysis is one way to evaluate an emerging technology in a competitive business environment. For example, the Apple iPhone application called Bump allows users to exchange information simply by tapping their phones together. Bump can not only exchange contact information, but it can also transfer money. A quick SWOT analysis could identify the following: the application’s strength is its efficiency and convenience; one of its weaknesses is that there is not a clear definition of a mobile transaction; an opportunity for the application is its adoption in retail stores; and threats include unauthorized access to information or funds.

In this Application, identify an emerging mobile or pervasive technology that has not yet been addressed in this course or this week’s Discussion. Conduct a SWOT anaylsis of the technology and determine whether the technology can be successfully deployed.

In a 3- to 4-page written report, perform the following:

·         Identify and summarize an emerging mobile or pervasive technology.

·         Identify specific businesses, organizations, or individuals who may use the technology. Explain how they would use it.

·         Create a SWOT analysis for the technology.

·         Based on the SWOT analysis, is the technology ready for deployment? If it is ready, what particular strengths and opportunities make it ready? If it is not yet ready, what weaknesses and threats stand in the way? Suggest solutions for exploiting the strengths and opportunities and overcoming the weaknesses and threats.

Write a report that is well-organized and contains grammatically correct, complete sentences that are free of spelling errors. Your report should conform to APA style.

 

Ethics in Advertising

OMM 615 Week 3 DQ 2 ( Ethics in Advertising ) –  A+ Graded

Ethics in Advertising 

Select three advertisements from three different countries using traditional advertising venues and Internet advertising venues. Assess how culture and ethics influence understanding the ad from each country.Incorporate concepts and examples from this week’s lecture in your post. Respond to at least two of your classmates’ posts.