Grading Summary These are the automatically computed results of your exam. Grades for essay questions, and comments from your instructor, are in the "Details" section below. Date Taken: 4/23/2013 Time Spent: 3 h , 16 min , 12 secs Points Received: 188 / 220 (85.5%)
1. Question : (TCO 1) The term economy of scale refers to which of the following?
Student Answer: Increasing of costs through the production of larger quantities
Decreasing of costs through the production of larger quantities
Decreasing of costs through the production of smaller quantities Student Answer: The product life cycle
The product growth stages
The product timeline
The product opportunity stages
Comments:
21. Question : (TCO 5) Organizing involves all but which of the following?
Student Answer: Assembling financial resources
Assembling human resources
Assembling materials
Assembling invoices
Comments:
22. Question : (TCO 5) Delegation, defined, is granting authority and responsibility for a specific task to:
Student Answer: Another member of the organization
The boss
A supervisor
Top management
Comments:
23. Question : (TCO 5) The Equal Employment Opportunity Commission _______ that the information from a job analysis be used to ensure equal employment opportunity.
Student Answer: Strongly urges and sometimes requires
Always requires
Urges
Does not care
Comments:
24. Question : (TCO 6) What a business does to add value to inputs when converting them to outputs is known as which of the following?
Student Answer: Inputs
Transformation processes
Outputs
Feedback
Comments:
25. Question : (TCO 6) Information that shows the steps required to produce a product is called which of the following?
