REM C LVL 1 Flashcards
What organization level requires those with a moderate degree of engineering jobs like transportation companies?
A. level Two
B. level Three
C. Level One
D. Level Four
A. level Two
It refers to the activity combining
“technical knowledge with the ability to organize and coordinate worker power,materials, machinery and money”.
A. Entrepreneurship
B. Management
C. Engineering Management
D. Technopreneurship
C. Engineering Management
This shows the extent to which current
assets of the company can cover its
current liabilities
A. None of these choices
B. Current ratio
C. Acid-test ratio
D. Liquidity ratios
B. Current ratio
It refers to variables that are outside the organization and not typically within the short-run control of top management.
A. Environment
B. None of these choices
C. Internal environment
D. External environment
D. External environment
What is the rational way to
conceptualize, analyze, and solve
problems in situations involving limited or partial information about the decision environment?
A. Linear Programming
B. None of these choices
C. Sampling Theory
D. Decision Theory
D. Decision Theory
It exists when there is a difference between an actual situation and a desired situation.
A. Crisis
B. Accident
C. Problem
D. Incident
C. Problem
It refers to actions made to ensure that activities performed match the desired activities or goals, that have been set.
A. Feedback
B. Choice-making
C. Control
D. Implementation
C. Control
Point in time that has been identified as
being an important reference point
during the accomplishment of the work
is known as
A. Activity with long duration
B. Hammock activity
C. Milestone
D. Critical activity
C. Milestone
It refers to carrying out the decision so
that the objectives sought will be
achieved.
A. Control
B. Implementation
C. Choice-making
D. Feedback
B. Implementation
What refers to a description of “whether
objectives are accomplished”?
A. Efficiency
B. Effectiveness
C. Management
D. Managerial ability
B. Effectiveness
A type of authority where it is a staff specialist’s right to give advice to a superior
A. Staff authority
B. Line authority
C. Functional authority
D. None of these choices
A. Staff authority
What are the types of plan according to
time frame?
A. None of these choices
B. Strategic (3-10 years) and Operational (1-3
years)
C. Boundless and limited
D. Long term and short term
D. Long term and short term
It is the output of planning.
A. Output
B. None of these choices
C. Plan Output
D. Plan
D. Plan
In burgess resource leveling procedure,
we should start with
A. The first non-critical activity
B. The last critical activity
C. The last non-critical activity
D. The first critical activity
C. The last non-critical activity
Which of the following is the most
common naturally-occurring form in
which silicon is found?
A. Fluoride
B. Sulfide
C. Oxide
D. Metallic element
C. Oxide
What refers to the process of producing,
forming or fabricating electronic
equipment and/or related components,
parts, devices and accessories?
A. development
B. quality control
C. manufacturing
D. system design
C. manufacturing
What is defined as a legally binding agreement or promise to exchange goods or services?
A. consideration
B. responsibilities
C. contract
D. obligation
C. contract
The market value of all local final goods
and services plus the goods and
services done by the country minus the
goods and services done to the country.
A. Gross National Product
B. Net Annual Income
C. Gross Domestic Product
D. Gross Annual Income
A. Gross National Product
It is a document that summarizes the current financial situation of the firm,analyzes financial needs, and
recommends a direction for financial
activities
A. Human resource plan
B. Marketing plan
C. Financial plan
D. Production plan
C. Financial plan
This ratio measures the number of
times that earnings before interest and
taxes cover or exceed the company’s
interest expense
A. None of these choices
B. Times interest earned ratio
C. Debt to total assets ratio
D. Financial leverage ratios
B. Times interest earned ratio
Limitations for using Gantt Chart
include
A. Simple graphical form
B. Good form of communication
C. Effective for project shortening
D. Difficult to forecast the effect of changes
D. Difficult to forecast the effect of changes
This refers to any process that accepts
inputs and uses resources to change
those inputs in useful ways
A. Management
B. Operations
C. Marketing
D. Planning
B. Operations
Which of the following processes is not
fundamental in explaining how
consumers think and learn about
products and brands?
A. Learning
B. Cognition
C. Perception
D. Personality
D. Personality
__is when a business sponsors a
community event or service in exchange
for advertising
A. Philanthropy
B. Cause-related marketing
C. In-kind donation
D. Sponsorship
D. Sponsorship
Firms try to achieve competitive
advantage by competing on
A. Order winners
B. Cost only
C. Order qualifiers
D. Quality only
A. Order winners
The process of screening meaningful from non-meaningful information is known as
A. Routine
B. Picking
C. Proposition evaluation
D. Selective exposure
D. Selective exposure
Which of the following is not an element
of the marketing mix?
A. Product
B. Target market
C. Promotion
D. Pricing
B. Target market
Which forms of business organization
have owners called stockholders?
A. Sole proprietorships
B. Only corporations
C. Only partnerships
D. Partnerships and corporations
B. Only corporations
Which industrial sector promotes smallscale businesses and Entrepreneurship,and has lower barriers to market entry?
A. Distribution
B. Manufacturing
C. Agriculture
D. Service
D. Service
What are the two levers of a business
model?
A. Pricing and investors
B. Pricing and costs
C. Inventors and income
D. Cost and income
B. Pricing and costs
It is an artistic and industrial creations
of the mind
A. Copyright
B. Intellectual property
C. Patent
D. Trademark
B. Intellectual property
Which of the following is not one of the
forms of business organization?
A. Sole proprietorship
B. Creditorship
C. Partnership
D. Corporations
B. Creditorship
To create a common size balance sheet
____ all items on the balance sheet by ___
A. divide; total assets
B. multiply; owners equity
C. multiply; total assets
D. divide; owners equity
A. divide; total assets
Someone legally appointed to resolve the financial difficulties of an insolvent firm is called
A. a turnaround consultant
B. a predator
C. an administrator
D. an auditor
C. an administrator
It uses the specific cost of each unit of
merchandise (also called inventory or
goods) to calculate the ending inventory
and COGS for each period
A. FIFO
B. Average Cost Method
C. Special Identification Method
D. LIFO
C. Special Identification Method
Which of the financial statements
recognizes only transactions in which
cash changes hands?
A. Balance Sheet
B. All of these choices
C. Income Statement
D. Statement of Cash Flows
D. Statement of Cash Flows
It is calculated by subtracting the cost
of goods sold from revenue
A. Gross profit
B. COGS
C. None of these choices
D. Sales
A. Gross profit