Term Paper Art History

Topics: Productivity, Marketing, Sales variance Pages: 8 (1403 words) Published: January 26, 2013
Fall 2012 Prof. Sudit

Cost and Quality Management – Answers to Assignment VI

1.Productivity can be thought of as:
A)the relationship between what is produced and what is required to produce it.
B)doing more with less.
C)the ratio of output to input.
D)only A and C are correct.
E)answers A, B and C are all correct.

2.A primary objective in measuring productivity is to improve operations either by using fewer inputs to produce the same output, or to produce:
A)more quickly.
B)more effectively.
C)with fewer constraints.
D)more outputs with the same inputs.
E)more outputs with more inputs.

3.The experience of many firms is that improvements in quality:
A)decrease productivity.
B)have no significant effect on productivity.
C)first increase, and then decrease productivity.
D)increase productivity.
E)restrict productivity improvements.

4.Efforts to improve productivity should be focused only on:
B)non-value added activities.
C)value added activities.

5.One major problem in measuring the productivity of a not-for-profit organization is the absence of:
B)a common measure for its outputs.
C)mandatory financial reporting.
D)labor costs.
E)None of the above answers is correct.

6.The two major contributing factors to a sales volume variance are deviations in:
A)market size and market share.
B)market size and sales quantity.
C)sales mix and selling price.
D)sales mix and sales quantity.
E)sales price and sales quantity.

7.An unfavorable sales mix variance arises for a product when:
A)the actual unit sold is greater than the budgeted unit to be sold.
B)the actual unit sold is less than the budgeted unit to be sold.
C)the actual sales-mix percentage is less than the budgeted sales-mix percentage.
D)the budgeted sales-mix percentage is less than the actual sales-mix percentage.
E)the total actual sales dollar from the product is less than the budgeted sales dollar for the product.

8.When the actual sales-mix shifted towards a mix of products with lower contribution margins, the firm will have negative effect(s) on:
A)sales mix and sales quantity variances.
B)sales quantity ansd sales volume variances.
C)sales volume and market mix variances.
D)market mix and sales mix variance.
E)Sales mix and sales volume variances.

9.When the mix of products sold shifted towards the high contribution margin product,
A)the total sales mix variance is favorable.
B)the total sales volume variance is favorable.
C)the total market mix variance is favorable.
D)the total sales mix variance is unfavorable.
E)the total sales price variance is favorable.

10.Market size variance arises because of changes:
A)in the total market sizes of the firm's product.
B)of the firm's proportion in the total market.
C)in the access of the firms competing in the market.
D)in units sold.
E)in the firm's total sales volume.

11. Decreasing selling prices in order to secure higher sales volumes or market shares:
A)will usually generate higher sales volumes and market shares.
B)can have negative impact on a firm's profitability.
C)should not usually affect profitability.
D)should not usually affect contribution margins.
E)should not usually affect sales mix.

12.A decrease in a firm's market shares should alert the management to the erosion of the firm's competitive position and encroachment of:
A)costs increases.
B)price decreases.

13.A firm with a declining market share percentage may...
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