Which of the following is considered the easiest way to increase organizational productivity?
A) increasing the price of outputs
B) increasing the amount of inputs
C) hiring more employees
D) decreasing the value of the products
Question 2________ is measured by the costs of acquiring and transforming organizational resources into outputs.
A) Input
B) Quality
C) Profit
D) Leverage
Question 3Deviations that exceed the acceptable range of variation become significant and need a manager's attention.
Indicate whether the statement is true or false.
Question 4In a short essay, list and briefly explain the steps, processes, and best practices managers typically utilize in the control process. Provide examples where appropriate.
What will be an ideal response?
Question 5Managers should do nothing if the variance observed from the standard is acceptable.
Indicate whether the statement is true or false.
Question 6Basic corrective action corrects problems at once to get performance back on track.
Indicate whether the statement is true or false.
Question 7Managers could choose to do nothing when ________.
A) an employee fails to attain the standard because of internal problems
B) the difference between actual performance and standard performance is low and acceptable
C) performance standards are acceptable, though the employees have not attained it
D) the variance observed from the expected performance is caused due to unrealistic standards
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