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5 Competitiveness, Productivity, and Payment System
  • Sab Sescon

  • 問題数 40 • 9/3/2024

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  • 1

    How effectively an organization meets the wants and needs of customers relative to others that offers similar goods or services

    competitiveness

  • 2

    The reason for existence of an organization

    mission

  • 3

    State the purpose of an organization

    mission statement

  • 4

    Provide detail and scope of mission

    goals

  • 5

    Plans for achieving organizational goals

    strategies

  • 6

    The methods and actions taken to accomplish strategies

    tactics

  • 7

    The special attributes or abilities that give an organization a competitive edge

    distinctive competencies

  • 8

    Strategy factors

    price quality time flexibility service location

  • 9

    Strategic decisions must be made with respect to globalization

    global strategy

  • 10

    Must be made with respect to globalization

    strategic decisions

  • 11

    Characteristics that customers perceive as minimum standards of acceptability to be considered as a potential purchase

    order qualifiers

  • 12

    Characteristics of an organization's goods or services that cause it to be perceived as better than the competition

    order winners

  • 13

    The approach consistent with organization strategy that is used to guide the operations function

    operation strategy

  • 14

    Focuses on maintaining or improving the quality of an organization's products or services, quality at the source

    quality based strategies

  • 15

    Focuses on reduction of time needed to accomplish tasks

    time based strategies

  • 16

    A measure of the effective use of resources usually expressed as the ratio of output to input

    productivity

  • 17

    Three types of productivity measures

    partial measures multifactor measures total measure

  • 18

    Formula for productivity growth

    current period productivity – previous period productivity _____________________________ previous period productivity

  • 19

    Is the ratio of output of good product to input

    process yield

  • 20

    Is not included in the output

    defective product

  • 21

    Higher productivity and another company is a key reason organizations outsource work

    outsourcing

  • 22

    Improving productivity may reduce the need for this

    outsourcing

  • 23

    Formula for partial productivity measures

    output/(single input)

  • 24

    Formula for multi-factor productivity measures

    output/(multiple inputs)

  • 25

    Formula for TOTAL productivity measure

    output/(total inputs)

  • 26

    Measures if Productivity Examples: Partial Measures

    Output/Labor Output/Machine Output/Capital Output/Energy

  • 27

    Measures if Productivity Examples: Multifactor Measures

    Output/Labor + Machine Output/Labor + Capital + Energy

  • 28

    Measures if Productivity Examples: Total Measures

    Goods or Services Produced/All inputs used to produce them

  • 29

    The mechanism for conducting transactions in the economy is called ______

    payments system

  • 30

    Has evolved over time from relying on payments made in gold and silver coins, to payments made with paper currency and checks written on deposits in banks, to payments made by electronic funds transfers

    payment system

  • 31

    Refers to a good used as money that has value and dependent of its use as money

    commodity money

  • 32

    Refers to money, such as paper currency that has no value apart from its use as money

    fiat money

  • 33

    People accept paper currency in exchange for goods and services partly because the government has designed it to be LEGAL TENDER

    fiat money

  • 34

    Is also useful because of its ability to serve as a STANDARD OF DEFERRED PAYMENT

    money

  • 35

    Can facilitate exchange at a given point in time by providing a medium of exchange and unit of account

    money

  • 36

    Who issues paper currency in the philippines

    the central bank or BSP (BANGKO SENTRAL NG PILIPINAS)

  • 37

    What is the modern BSP system

    fiat money system

  • 38

    Are promises to pay on demand money deposited with a bank or other financial institution

    checks

  • 39

    Meaning of ATM

    automated teller machine

  • 40

    Meaning of ACH

    automated clearing house