HESI Milestone Exam 1 Herzing University New Version/ HESI Milestone Exam 1 Updated 2023 -2024A Version graded A+ Gibson Valves produces cast bronze valves on an assembly line, currently producing 1600 valves each 8 -
hour shift. If the productivity is increased by 10%, it would then be: 220 valves /hr productivity equation units produced / input used the largest contributor to productivity is _____, estimated to be responsible for _____ of the annual increase management, over one -half productivity can be improved by decreasing inputs while holding outputs steady Chuck Sox makes wooden boxes in which to ship motorcycles. Chuck and his 3 employees invest a total of 20 hours/day making the 120 boxes 1. find productivity Increase rate to 320 boxes/day 2. new productivity 3. unit increase in productivity 4. percentage increase in productivity 1. 6 2. 16 3. 10 4. 166.67% This year, Dreuhl Inc. will produce 57,600 hot water heaters at its plant in Delaware, in order to meet expected global demand. To accomplish this, each laborer will work 160 hours/months. If the labor productivity at the plant is 0.25 hot water heaters per labor hour, how many laborers are employed at the plant? 120 laborers multi -factor productivity equation output / labor+materials+energy+capital+etc Lillian Fok makes 1,000 tires/day with the following resources: Labor: 400 hrs/day at $12/hr Raw Material: 21,000 lbs/day at $1.00/lb Energy: $5,000/day Capital: $10,000/day 1. find productivity 2. find multifactor productivity 3. find the percent change in multi factor productivity can reduce energy bill by $1000/day without cutting production or changing any other inputs 1. 2.5 tires/labor hr 2. 0.0245 tires/dollar 3. 2.45% percent change equation (new productivity - old productivity) x 100 / old productivity which of the following does NOT represent a valid reason for globalizing operations? - attract and retain global talent - reduce responsiveness - understand markets - improve the supply chain - reduce costs reduce responsiveness which of the following statements about organizational missions is FALSE? - provide guidance for functional area missions - indicate what a company intends to contribute to society - formulated a fter strategies are known - reflect a company's purpose - define a company's reason for existence formulated after strategies are known strategy is a: - action plan to achieve the mission - set of opportunities in the marketplace - simulation used to test various product line options - plan for cost reduction - broad statement of purpose action plan to achieve the mission
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