REM C LVL 3 Flashcards
(92 cards)
External forces directly affect all of the following EXCEPT:
A. Management structure of organization
B. Market segmentation strategies
C. Types of products/services offered
D. Choice of businesses to acquire or sell
A. Management structure of organization
______ are instances when engineer managers make decisions that will have implications in the future.
A. Forecasting
B. Network Models
C. Inventory Models
D. Queuing Theory
A. Forecasting
Management must foster the morale of its employees. This principle emphasizes on the need for teamwork and the importance of communication in obtaining it.
A. Equity
B. Order
C. Initiative
D. Esprit de corps
D. Esprit de corps
What does PERT stands for?
A. Product Evaluation Review Technique
B. Price Evaluation Review Technique
C. People Evaluation Review Technique
D. Program Evaluation Review Technique
D. Program Evaluation Review Technique
Program Evaluation Review Technique (PERT) is a technique that enables engineer managers to schedule, monitor, and control large and complex projects by employing three time estimates for each activity.
A staff specialist’s right to give advice to a superior.
A. Line authority
B. Head authority
C. Functional authority
D. Staff authority
D. Staff authority
What is the most widely used chart in management of scheduling and controlling of projects?
A. CPM
B. Gantt Chart
C. Smith Chart
D. PERT
B. Gantt Chart
It is determining the scope of work and how it is combined in a job.
A. Division of labor
B. Departmentation
C. Span of control
D. Delegation of authority
A. Division of labor
Division of labor - determining the scope of work and how it is combined in a job
The linking of activities in the organization that serves to achieve a common goal or objective.
A. Division of labor
B. Delegation of authority
C. Departmentation
D. Coordination
D. Coordination
Coordination linking of activities in the organization that serves to achieve a common goal or objective
What network model enables engineer managers to schedule, monitor, and control large and complex projects by employing three time estimate for each activity?
A. Program Evaluation Review Technique (PERT)
B. Life Cycle Model
C. Critical Path Method (CPM)
D. Forecasting
A. Program Evaluation Review Technique (PERT)
To determine a qualified applicant, the engineer manager will subject the applicant to a test that is used to measure a person’s current knowledge of a project?
A. personality test
B. aptitude test
C. interest test
D. performance test
D. performance test
The process of assigning various degrees of decision-making authority to subordinate.
A. Departmentation
B. Span of control
C. Delegation of authority
D. Division of labor
C. Delegation of authority
Delegation of authority - process of assigning various degrees of decision-making authority to subordinate
A specialist’s right to oversee lower level personnel involved in that specialty, regardless of where the personnel are in the organization.
A. Head authority
B. Staff authority
C. Functional authority
D. Line authority
C. Functional authority
It implies an understanding of proficiency in a specific kind of activity, particularly one involving methods, processes, procedures or techniques.
A. Managerial skill
B. Human skill
C. Technical skill
D. Conceptual skill
C. Technical skill
_______is an inventory model used for planned shortages.
A. Quantity discount model
B. Economic order quantity model
C. Back order inventory model
D. Production order quantity model
C. Back order inventory model
Back order inventory model - an
inventory model used for planned shortages
Which of the following is not a content of the production plan?
A. How much material must be purchased
B. Situational analysis and target market
C. How many employees are required
D. The amount of capacity the company must have
B. Situational analysis and target market
Situational analysis and target market is a content for the marketing plan.
Models where large complex tasks are broken into smaller segments that can be managed independently.
A. Queuing Theory
B. Inventory Models
C. Network Models
D. Forecasting
C. Network Models
This describes how to determine the number of services units that will minimize both customer waiting time and cost of service.
A. Forecasting
B. Queuing Theory
C. Network Models
D. Inventory Models
B. Queuing Theory
FOX Company has a ratio of (total debt/total assets) that is above the industry average, and a ratio of (long term debt/equity) that is below the industry average. These ratios suggest that the firm:
A. utilizes assets effectively
B. has a relatively low dividend payout ratio
C. has too much equity in the capital structure
D. has relatively high current liabilities
D. has relatively high current liabilities
Total debt includes both current and long-term debt; the above relationships could occur only if FOX Company has a higher-than- average level of current liabilities.
What is the Unit of Production Method?
A. The amount of depreciation each year is fixed and equal.
B. System of recording larger depreciation expenses during the earlier years.
C. Way to work out the loss of value of an asset over time.
D. Method of calculating the depreciation of the value of an asset over time.
D. Method of calculating the depreciation if the value of an asset over time.
The ratio of quick assets to current liabilities is known as the:
A. profit margin
B. acid-test ratio
C. net margin
D. debt
B. acid-test ratio
What is Capital Market?
A. A market structure is defined by a large number of small firms competing against each other.
B. Market in which securities are bought and sold.
C. A financial market in which long- term debt or equity-backed securities are bought and sold.
D. Entrepreneurs in one country copy an existing market.
C. A financial market in which long- term debt or equity-backed securities are bought and sold.
Capital business sectors are the place where reserve funds and ventures are diverted between providers-individuals or establishments with cash-flow to loan or contribute-and those out of luck.
Raising more money than profitable used causes?
A. Capitalization
B. Over-Capitalization
C. Excess Share Capital
D. Dividend
B. Over-Capitalization
Over-capitalization results from raising more money than can be profitably used. Over- capitalization takes place when a company raises more money by the issue of shares and debentures than can be profitably used.
What refers to the additional cost that results from increasing the output of a system and is often associated with a “go-no-go” decisions?
A. variable cost
B. fixed cost
C. incremental cost
D. opportunity cost
C. incremental cost
What is Objectivity Principle?
A. The concept that the financial statements of an organization
B. The underlying accounting principle that the dollar will remain constant across fiscal periods
C. Accounting principle for recording revenues and expenses
D. Every business transaction requires recordation in two different accounts
A. The concept that the financial statements of an organization
The objectivity principle is the idea that the financial reports of an association be founded on strong proof. The purpose behind this rule is to keep the supervisory group and the bookkeeping division of a substance from delivering budget reports that are skewed by their viewpoints and predispositions.