Question 4

Magic Corporation manufactures water toys. It plans to grow by producing high-quality water toys that are delivered in a timely manner. There are a number of other manufacturers who produce similar water toys. Magic believes that continuously improving its manufacturing processes and re-engineering processes to downsize and eliminate excess capacity are critical to implementing its strategy. Which of the following best describes Magic's strategy?

1) product differentiation

2) product leadership

3) cost differentiation

4) cost leadership

Question 5

Which of the following efforts would most likely yield the greatest re-engineering benefits?

1)	focusing on a single activity to determine if it is necessary

2)	decreasing quantity of output produced to increase total factor productivity

3)	increasing costs of all inputs used to increase total factor productivity

4)	focusing on entire processes and elimination of unnecessary activities and task

Question 6

Feedback on how a company is doing from the perspectives of financial, customer, internal business processes, and learning and growth.

1) Master budget

2) Product differentiation

3) Differential report

4) Balanced scorecard