Characterizes the productivity measurement process

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Reference no: EM132211187

1. Which of the following statements best characterizes the productivity measurement process?

A. Productivity measures evaluate differences between multiple periods while productivity indexes evaluate single periods

B. Productivity measures are calculated as outputs divided by inputs.

C. Productivity indexes can only be calculated from total factor productivity measures

D. Higher productivity measures are to be avoided and are often weighted to reduce their value.

2. Which of the following statements best characterizes productivity benchmarking?

A. Benchmarking is a sharing of information on production processes between two organizations.

B. Benchmarking firms can be compared using partial-, multi-factor-, and total productivity measures, but not productivity indexes.

C. In addition to improvement in the benchmarking firms, the openness of benchmarking often creates an additional barrier to competition.

D. Benchmark measures differ notably from productivity measures.

3. What purchase or sale strategy (including product) would the following people employ in the futures market?

a. Independent gas station owner concerned about the price of gasoline rising

b. Palladium speculator concerned that a new discovery will weaken prices for the metal

c. Bank risk manager with a sizable bond portfolio who feels that interest rates will soon rise

d. Portfolio manager who has a majority of holdings in small cap stocks and believes they have had a good run and might weaken compared to large caps

4. The conduct of an individual in a given situation is measured against what

the jury thinks after deliberating

a reasonable person would or would not have done

the attorney for the plaintiff says it should be

the attorney for the defendant says it should be

Reference no: EM132211187

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