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5 Competitiveness, Productivity, and Payment System
  • Sab Sescon

  • 問題数 40 • 9/3/2024

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    問題一覧

  • 1

    Is not included in the output

    defective product

  • 2

    State the purpose of an organization

    mission statement

  • 3

    Formula for TOTAL productivity measure

    output/(total inputs)

  • 4

    Plans for achieving organizational goals

    strategies

  • 5

    The methods and actions taken to accomplish strategies

    tactics

  • 6

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

    money

  • 7

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

    distinctive competencies

  • 8

    Strategic decisions must be made with respect to globalization

    global strategy

  • 9

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

    money

  • 10

    Strategy factors

    price quality time flexibility service location

  • 11

    Improving productivity may reduce the need for this

    outsourcing

  • 12

    Meaning of ACH

    automated clearing house

  • 13

    Focuses on reduction of time needed to accomplish tasks

    time based strategies

  • 14

    Provide detail and scope of mission

    goals

  • 15

    Formula for productivity growth

    current period productivity – previous period productivity _____________________________ previous period productivity

  • 16

    Measures if Productivity Examples: Total Measures

    Goods or Services Produced/All inputs used to produce them

  • 17

    Meaning of ATM

    automated teller machine

  • 18

    Three types of productivity measures

    partial measures multifactor measures total measure

  • 19

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

    outsourcing

  • 20

    Must be made with respect to globalization

    strategic decisions

  • 21

    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

  • 22

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

    competitiveness

  • 23

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

    fiat money

  • 24

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

    fiat money

  • 25

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

    productivity

  • 26

    What is the modern BSP system

    fiat money system

  • 27

    Formula for multi-factor productivity measures

    output/(multiple inputs)

  • 28

    Who issues paper currency in the philippines

    the central bank or BSP (BANGKO SENTRAL NG PILIPINAS)

  • 29

    Formula for partial productivity measures

    output/(single input)

  • 30

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

    quality based strategies

  • 31

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

    operation strategy

  • 32

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

    order qualifiers

  • 33

    Measures if Productivity Examples: Partial Measures

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

  • 34

    Is the ratio of output of good product to input

    process yield

  • 35

    Measures if Productivity Examples: Multifactor Measures

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

  • 36

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

    commodity money

  • 37

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

    checks

  • 38

    The mechanism for conducting transactions in the economy is called ______

    payments system

  • 39

    The reason for existence of an organization

    mission

  • 40

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

    order winners