108. Which of the following is NOT a disadvantage of partial productivity measures?
109. Information about Papanicolou Corporation is as follows:
2014
2015
Output (units)
45,000
47,000
Selling price per unit
$25
$25
Input quantities:
Materials (pounds)
2,500
2,500
Labor (hours)
1,500
1,525
Input prices:
Materials (per pound)
$5.00
$5.50
Labor (per hour)
$7.00
$7.50
What is the materials productivity ratio for 2014?
110. Information about Papanicolou Corporation is as follows:
2014
2015
Output (units)
45,000
47,000
Selling price per unit
$25
$25
Input quantities:
Materials (pounds)
2,500
2,500
Labor (hours)
1,500
1,525
Input prices:
Materials (per pound)
$5.00
$5.50
Labor (per hour)
$7.00
$7.50
What is the labor productivity ratio for 2014?
111. Allocative efficiency can be defined as
112. Which of the following conditions is NOT an example of technical efficiencies?
113. The Marakesh Company provides the following data:
2014
2015
Output (units)
12,000
13,000
Input quantities:
Materials (pounds)
3,750
4,000
Input prices:
Materials (per pound)
$2
$3
What is the partial operational productivity measure for materials for 2014?
114. The Marakesh Company provides the following data:
2014
2015
Output (units)
12,000
13,000
Input quantities:
Materials (pounds)
3,750
4,000
Input prices:
Materials (per pound)
$2
$3
What is the partial operational productivity measure for materials for 2015?
115. Information about Haulover Company is as follows:
2014
2015
Output (units)
200,000
200,000
Input quantities:
Materials (pounds)
90,000
80,000
Labor (hours)
50,000
40,000
Input prices:
Materials (per pound)
$5
$6
Labor (per hour)
$8
$9
What is the partial operational productivity measure for materials for 2014?
116. Information about Haulover Company is as follows:
2014
2015
Output (units)
200,000
200,000
Input quantities:
Materials (pounds)
90,000
80,000
Labor (hours)
50,000
40,000
Input prices:
Materials (per pound)
$5
$6
Labor (per hour)
$8
$9
What is the partial operational productivity measure for materials for 2015?
117. Information about Haulover Company is as follows:
2014
2015
Output (units)
200,000
200,000
Input quantities:
Materials (pounds)
90,000
80,000
Labor (hours)
50,000
40,000
Input prices:
Materials (per pound)
$5
$6
Labor (per hour)
$8
$9
What is the partial operational productivity measure for labor for 2014?
118. Information about Haulover Company is as follows:
2014
2015
Output (units)
200,000
200,000
Input quantities:
Materials (pounds)
90,000
80,000
Labor (hours)
50,000
40,000
Input prices:
Materials (per pound)
$5
$6
Labor (per hour)
$8
$9
What is the partial operational productivity measure for labor for 2015?
119. The following data is recorded by the Antonio Company:
2014
2015
Output (units)
10,000
9,300
Input quantities:
Labor (hours)
4,000
3,875
Input prices:
Labor (per hour)
$7
$8
What is the partial operational productivity measure for labor for 2014?
120. The following data is recorded by the Antonio Company:
2014
2015
Output (units)
10,000
9,300
Input quantities:
Labor (hours)
4,000
3,875
Input prices:
Labor (per hour)
$7
$8
What is the partial operational productivity measure for labor for 2015?
121. Information about Remarkable Corporation is as follows:
2014
2015
Output (units)
50,000
50,000
Input quantities:
Materials (pounds)
22,500
20,000
Labor (hours)
12,500
10,000
Input prices:
Materials (per pound)
$6
$7
Labor (per hour)
$9
$10
What is the partial operational productivity measure for materials for 2014?
122. Information about Remarkable Corporation is as follows:
2014
2015
Output (units)
50,000
50,000
Input quantities:
Materials (pounds)
22,500
20,000
Labor (hours)
12,500
10,000
Input prices:
Materials (per pound)
$6
$7
Labor (per hour)
$9
$10
What is the partial operational productivity measure for labor for 2015?
123. At the end of 2014, Diatomic Company implemented a new labor process and redesigned its product with
the expectation that input usage efficiency would increase. Now, at the end of 2015, the president of the
company wants an assessment of the changes on the company’s productivity. The data needed for the
assessment are as follows:
2014
2015
Output
45,000
54,000
Output prices
$10
$10
Materials (lbs.)
22,500
22,950
Materials unit price
$3
$4
Labor (hrs.)
18,000
16,875
Labor rate per hour
$5
$5
Power (kwh)
11,250
14,625
Price per kwh
$2
$3
What is the partial operational measure for materials for 2014?
124. At the end of 2014, Diatomic Company implemented a new labor process and redesigned its product with
the expectation that input usage efficiency would increase. Now, at the end of 2015, the president of the
company wants an assessment of the changes on the company’s productivity. The data needed for the
assessment are as follows:
2014
2015
Output
45,000
54,000
Output prices
$10
$10
Materials (lbs.)
22,500
22,950
Materials unit price
$3
$4
Labor (hrs.)
18,000
16,875
Labor rate per hour
$5
$5
Power (kwh)
11,250
14,625
Price per kwh
$2
$3
What is the partial operational measure for labor for 2014?
125. At the end of 2014, Diatomic Company implemented a new labor process and redesigned its product with
the expectation that input usage efficiency would increase. Now, at the end of 2015, the president of the
company wants an assessment of the changes on the company’s productivity. The data needed for the
assessment are as follows:
2014
2015
Output
45,000
54,000
Output prices
$10
$10
Materials (lbs.)
22,500
22,950
Materials unit price
$3
$4
Labor (hrs.)
18,000
16,875
Labor rate per hour
$5
$5
Power (kwh)
11,250
14,625
Price per kwh
$2
$3
What is the partial operational measure for labor for 2015?
126. At the end of 2014, Diatomic Company implemented a new labor process and redesigned its product with
the expectation that input usage efficiency would increase. Now, at the end of 2015, the president of the
company wants an assessment of the changes on the company’s productivity. The data needed for the
assessment are as follows:
2014
2015
Output
45,000
54,000
Output prices
$10
$10
Materials (lbs.)
22,500
22,950
Materials unit price
$3
$4
Labor (hrs.)
18,000
16,875
Labor rate per hour
$5
$5
Power (kwh)
11,250
14,625
Price per kwh
$2
$3
What is the partial operational measure for power for 2014?
127. At the end of 2014, Diatomic Company implemented a new labor process and redesigned its product with
the expectation that input usage efficiency would increase. Now, at the end of 2015, the president of the
company wants an assessment of the changes on the company’s productivity. The data needed for the
assessment are as follows:
2014
2015
Output
45,000
54,000
Output prices
$10
$10
Materials (lbs.)
22,500
22,950
Materials unit price
$3
$4
Labor (hrs.)
18,000
16,875
Labor rate per hour
$5
$5
Power (kwh)
11,250
14,625
Price per kwh
$2
$3
What is the partial operational measure for power for 2015?
128. The following information is supplied by the Mountain State Company:
2014
2015
Output (units)
120,000
130,000
Input quantities:
Materials (pounds)
37,500
40,000
Input prices:
Materials (per pound)
$4
$6
What is the partial operational productivity measure for materials for 2014?
129. The following information is supplied by the Mountain State Company:
2014
2015
Output (units)
120,000
130,000
Input quantities:
Materials (pounds)
37,500
40,000
Input prices:
Materials (per pound)
$4
$6
What is the partial operational productivity measure for materials for 2015?
130. The two approaches for measuring total productivity are
131. The component which provides a series or vector of separate and distinct partial operational measures is
called:
132. Information about Taekwondo Corporation is as follows:
2014
2015
Output (units)
14,000
15,000
Selling price per unit
$16
$16
Input quantities:
Materials (pounds)
1,750
1,900
Labor (hours)
1,400
1,525
Input prices:
Materials (per pound)
$3
$4
Labor (per hour)
$6
$7
What is the materials productivity ratio for 2014?
133. Information about Taekwondo Corporation is as follows:
2014
2015
Output (units)
14,000
15,000
Selling price per unit
$16
$16
Input quantities:
Materials (pounds)
1,750
1,900
Labor (hours)
1,400
1,525
Input prices:
Materials (per pound)
$3
$4
Labor (per hour)
$6
$7
What is the labor productivity ratio for 2014?
134. Information about Taekwondo Corporation is as follows:
2014
2015
Output (units)
14,000
15,000
Selling price per unit
$16
$16
Input quantities:
Materials (pounds)
1,750
1,900
Labor (hours)
1,400
1,525
Input prices:
Materials (per pound)
$3
$4
Labor (per hour)
$6
$7
By how much did profits change as a result of changes in productivity related to materials?
135. Information about Taekwondo Corporation is as follows:
2014
2015
Output (units)
14,000
15,000
Selling price per unit
$16
$16
Input quantities:
Materials (pounds)
1,750
1,900
Labor (hours)
1,400
1,525
Input prices:
Materials (per pound)
$3
$4
Labor (per hour)
$6
$7
By how much did profits change as a result of changes in productivity related to labor?
136. The assessment of productive efficiency for all inputs combined is called:
137. The assessment of the amount of profit change—from the base period to the current period—attributable to
productivity changes is called:
138. Information about Harlequin Corporation is as follows:
2014
2015
Output (units)
40,000
42,000
Selling price per unit
$25
$25
Input quantities:
Materials (pounds)
2,000
2,000
Labor (hours)
1,600
1,625
Input prices:
Materials (per pound)
$5.00
$5.50
Labor (per hour)
$7.00
$7.50
By how much did profits change as a result of changes in productivity related to materials?
139. Information about Harlequin Corporation is as follows:
2014
2015
Output (units)
40,000
42,000
Selling price per unit
$25
$25
Input quantities:
Materials (pounds)
2,000
2,000
Labor (hours)
1,600
1,625
Input prices:
Materials (per pound)
$5.00
$5.50
Labor (per hour)
$7.00
$7.50
By how much did profits change as a result of changes in productivity related to labor?
140. Information about Bodacious Corporation is as follows:
2014
2015
Output (units)
120,000
126,000
Selling price per unit
$25
$25
Input quantities:
Materials (pounds)
6,000
6,000
Labor (hours)
4,800
4,825
Input prices:
Materials (per pound)
$5.00
$5.50
Labor (per hour)
$7.00
$7.50
What is the materials productivity ratio for 2015?
141. Information about Bodacious Corporation is as follows:
2014
2015
Output (units)
120,000
126,000
Selling price per unit
$25
$25
Input quantities:
Materials (pounds)
6,000
6,000
Labor (hours)
4,800
4,825
Input prices:
Materials (per pound)
$5.00
$5.50
Labor (per hour)
$7.00
$7.50
What is the labor productivity ratio for 2014?
142. Information about Bodacious Corporation is as follows:
2014
2015
Output (units)
120,000
126,000
Selling price per unit
$25
$25
Input quantities:
Materials (pounds)
6,000
6,000
Labor (hours)
4,800
4,825
Input prices:
Materials (per pound)
$5.00
$5.50
Labor (per hour)
$7.00
$7.50
By how much did profits change as a result of changes in productivity related to materials?
143. Information about Bodacious Corporation is as follows:
2014
2015
Output (units)
120,000
126,000
Selling price per unit
$25
$25
Input quantities:
Materials (pounds)
6,000
6,000
Labor (hours)
4,800
4,875
Input prices:
Materials (per pound)
$5.00
$5.50
Labor (per hour)
$7.00
$7.50
By how much did profits change as a result of changes in productivity related to labor?
144. The difference between the total profit change and the profit-linked productivity change is called:
145. At the end of 2014, Diatomic Company implemented a new labor process and redesigned its product with
the expectation that input usage efficiency would increase. Now, at the end of 2015, the president of the
company wants an assessment of the changes on the company’s productivity. The data needed for the
assessment are as follows:
2014
2015
Output
45,000
54,000
Output prices
$10
$10
Materials (lbs.)
22,500
22,950
Materials unit price
$3
$4
Labor (hrs.)
18,000
16,875
Labor rate per hour
$5
$5
Power (kwh)
11,250
14,625
Price per kwh
$2
$3
How much profit was generated in 2014?
146. At the end of 2014, Diatomic Company implemented a new labor process and redesigned its product with
the expectation that input usage efficiency would increase. Now, at the end of 2015, the president of the
company wants an assessment of the changes on the company’s productivity. The data needed for the
assessment are as follows:
2014
2015
Output
45,000
54,000
Output prices
$10
$10
Materials (lbs.)
22,500
22,950
Materials unit price
$3
$4
Labor (hrs.)
18,000
16,875
Labor rate per hour
$5
$5
Power (kwh)
11,250
14,625
Price per kwh
$2
$3
How much profit was generated in 2015?
147. At the end of 2014, Diatomic Company implemented a new labor process and redesigned its product with
the expectation that input usage efficiency would increase. Now, at the end of 2015, the president of the
company wants an assessment of the changes on the company’s productivity. The data needed for the
assessment are as follows:
2014
2015
Output
45,000
54,000
Output prices
$10
$10
Materials (lbs.)
22,500
22,950
Materials unit price
$3
$4
Labor (hrs.)
18,000
16,875
Labor rate per hour
$5
$5
Power (kwh)
11,250
14,625
Price per kwh
$2
$3
What is the total change in profits from 2014 to 2015?
148. At the end of 2014, Diatomic Company implemented a new labor process and redesigned its product with
the expectation that input usage efficiency would increase. Now, at the end of 2015, the president of the
company wants an assessment of the changes on the company’s productivity. The data needed for the
assessment are as follows:
2014
2015
Output
45,000
54,000
Output prices
$10
$10
Materials (lbs.)
22,500
22,950
Materials unit price
$3
$4
Labor (hrs.)
18,000
16,875
Labor rate per hour
$5
$5
Power (kwh)
11,250
14,625
Price per kwh
$2
$3
By how much did profit change as a result of profitability changes in materials?
149. At the end of 2014, Diatomic Company implemented a new labor process and redesigned its product with
the expectation that input usage efficiency would increase. Now, at the end of 2015, the president of the
company wants an assessment of the changes on the company’s productivity. The data needed for the
assessment are as follows:
2014
2015
Output
45,000
54,000
Output prices
$10
$10
Materials (lbs.)
22,500
22,950
Materials unit price
$3
$4
Labor (hrs.)
18,000
16,875
Labor rate per hour
$5
$5
Power (kwh)
11,250
14,625
Price per kwh
$2
$3
By how much did profit change as a result of profitability changes in labor?
150. At the end of 2014, Diatomic Company implemented a new labor process and redesigned its product with
the expectation that input usage efficiency would increase. Now, at the end of 2015, the president of the
company wants an assessment of the changes on the company’s productivity. The data needed for the
assessment are as follows:
2014
2015
Output
45,000
54,000
Output prices
$10
$10
Materials (lbs.)
22,500
22,950
Materials unit price
$3
$4
Labor (hrs.)
18,000
16,875
Labor rate per hour
$5
$5
Power (kwh)
11,250
14,625
Price per kwh
$2
$3
By how much did profit change as a result of profitability changes in power?
151. Information about Roosevelt Corporation is as follows:
2014
2015
Output (units)
10,000
12,000
Selling price per unit
$25
$25
Change in profits
$96,025
Profit-linked measurements:
Materials
$1,100
Labor
825
What is the price-recovery component?
152. Information about Kerkonian Corporation is as follows:
2014
2015
Output (units)
14,000
15,000
Selling price per unit
$8
$8
Change in profits
$5,687.50
Profit-linked measurements:
Materials
$(50.00)
Labor
(87.50)
What is the price-recovery component?
153. The profit linkage rate