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As an operations manager at an automotive manufacturing plant, Misakiis job essentially involves focusing on converting metal. plastic, rubber. money, and information into automobiles that consumers will want to purchase. Misaki's job is focused primarily on which of the following? Form utility Inventory control Quality control Lean manufacturing As the proud owner of a donut shop, Ana has realized that if she produces custom (i.e. individually designed and decorated} donuts per day. the cost of production is about $5 per donut; however, if she produces plain and glazed donuts per day on her assembly line equipment, the cost of production is about 25 cents per donut. Based on this information. Ana chooses to focus on producing and selling plain and glazed donuts. and hercustomers do not seem to mind, as they are delicious! Which of the following refers to the production process Ana has chosen to emphasize in her business? Total quality management (TQM) Six Sigma Mass production Analytical process Many business leaders and elected government officials have recently emphasized the importance of United States manufacturers bringing jobs back from other countries to the US. This relates to which of the following concepts? Reshoring Form utility Product line Mass producing Which of the following is correct regarding the manufacturing sector of the United States economy? Today. about 24 million U.S. workers are employed in manufacturing jobs. In 2000, about 32 million US. workers were employed in manufacturing jobs. In 1960, one in seven Americans worked in manufacturing. Today. about one in ten Americans work in manufacturing. As a professional financial advisor. Joana's job essentially entails helping clients invest their money in a prudent. responsible. and financially rewarding way. Each day. Joanna advises her clients on how to invest in the stock and bond markets, and she uses her knowledge and expertise to develop personalized financial plans for her clients that will achieve their financial goals. Joana's job relies heavily on access to and use of financial information. Which of the following best addresses the conversion process used in Joana's work? Focus or major resource Applicability ofthe selected conversion process in the global marketplace Status ofthe selected conversion process in the industry Magnitude of change Alberto is a glass artisan who is a master in his trade. Customers are fascinated by how Alberto can take sand and through the furnace and glassblowing process, transform it into a keepsake that the buyer and future generations can enjoy for decades. In terms of the dramatic transformation of sand into artistic glass, Alberto's customers are focusing on which way in which the conversion process can be described? Magnitude of change Applicability of the selected conversion process in the global marketplace Status of the selected conversion process in the industry Focus or major resource Which of the following is a correct statement regarding the American economy? In 1900. 38 percent of American workers were employed in service firms. In 1950, 53 percent of American workers were employed in service firms. The American economy is now characterized as a service economy. A service economy is one in which more effort is devoted to wholesaling than to retailing. The production of services is very different from the production of manufactured goods in all but which of the following ways? Services are consumed immediately and, unlike manufactured goods, cannot be stored. Manufactured goods are subject to government taxation. but services are not. Services are intangible, while manufactured goods are not. Service firms do not produce a product unless the customer wants or needs it. Margarida is an economics professor at a local community college. Although Margarida takes great pride in her work, particularly her lectures, she often wonders whether students are pleased with the quality of her instruction. Aside from brief student surveys completed at the end of each semester, Margarida receives very little feedback from students. This scenario best illustrates that services are different from manufactured goods in which of the following ways? Services are consumed immediately and, unlike manufactured goods, cannot be stored. Services can be provided any place and are often provided when and where the customer desires the service. Services are intangible, and it is therefore more difficult to evaluate customer satisfaction. Service providers do not produce a product unless the customer wants or needs it. Pfizer Inc. is an American multinational pharmaceutical and biotechnology corporation headquartered in New York City. Pfizer Inc. creates and produces medicines and vaccines for immunology, oncology, cardiology, endocrinology, and neurology. The company has several \"blockbuster\" drugs that generate billions of dollars in annual revenues. Pfizer |nc.'s efforts to identify new ideas that have the potential to result in new goods and services are collectively known as which of the following? Total quality management (TOM) Research and development (R&D) Inventory control Lean manufacturing