Corporate Activities
77 questions · Fundamental Engineering · 1–50
Which of the following is a method of training in which trainees handle multiple simulated tasks within a set time limit, such as editing a piece of written correspondence, creating purchase orders, and completing travel expense reports?
When trial production is performed for components to be loaded into electrical appliances, which of the following is the least expensive development method? Here, the construction time of each process is six (6) months during the creation process, three (3) months during the modification process, and two (2) months during the evaluation process. The cost per one (1) person-month is 6,000 dollars during the creation process and 10,000 dollars for each modification and evaluation process. Costs other than the purchasing, outsourcing, and person-month are not considered.
Which of the following can secure employment and create employment opportunities across an entire society by shortening work hours per employee?
A factory manager is planning the costs for the next two years. Instead of using a single estimate, the manager runs thousands of simulations where material prices, customer demand, and labor costs vary randomly within realistic ranges. This creates a probability distribution of possible costs, helping in risk planning and setting contingency budgets. Which of the following is an analytical method that the manager is using?
When a company wants to earn a profit of $42,000, which of following is the number of units that the company must sell under the conditions shown in the table below?
Unit: dollar
The horizontal and vertical axes of an Operating Characteristic (OC) curve in quality management generally represent the percent defective of a lot and the success rate of a lot, respectively. Samples of size n are extracted from a lot of size N. When the number of defective samples is less than or equal to the pass quantity C, the lot is considered to have passed; otherwise, it is considered to have failed.
Which of the following is a diagram that shows the trend of change in the OC curve when N and n are fixed and C takes the values 0, 1, and 2?
Which of the following is a financial statement that represents the assets, liabilities, and net assets of a company at a certain point in time and indicates the financial situation of the company?
The figure below shows part of a cause and effect diagram (also known as a fishbone diagram). Which of the following is the relationship between A and B?
Company A purchased a machine for an original cost of $126,000. The salvage value after 6 years is $6,000. What is the annual depreciation expense (in dollars) by using the straight-line method?
The relationship between the value “x” of a certain factor in the manufacture of a product and the value “y” of a quality characteristic of the product is plotted in the figure below. Which of the following is an appropriate interpretation of this figure?
Two (2) types of raw materials A and B are required to manufacture products X and Y. The quantity of each raw material required per unit and the procurable quantity are listed in the table below. When the profit per unit is $1 for product X and $1.5 for product Y, which of the following is the maximum profit in dollar?
When the selling price of a product is $50 and the fixed costs for production and sales are $100,000, which of the following is the number of units to be sold to achieve the desired profit of $50,000? Here, the variable cost ratio is 60%.
A factory manufactures the three products that are shown in the table below. Which of the following is the maximum possible profit in dollars? Here, there is an upper limit to the monthly demand volume for each product. Also, the factory can only use up to 200 hours per month for the manufacturing process and cannot manufacture more than one products in parallel.
Which of the following is the maximum value of Z from the constraints that are shown below?
x + y ≤4
x ≥ 0, y ≥ 0
Z= 3x + 4y
When a relation between the list price of a product and the demand for the product is defined as a linear equation, which of the following is the appropriate numerical value to be inserted into blank A below?
The purchase of two types of IT devices A and B is being examined. The payout period is set in consideration of the useful life of each of the devices. Which of the following is an appropriate description for the minimum amount of annual profit necessary to recover the amount of investment within the set payout period for A and B? Here, the annual profit is made evenly each year, and the interest rate is not considered.
Which of the following is an officer whose primary responsibility is the security of a company’s information and data?
Which of the following is a method of education and training in which trainees engage in simulated business activities, interact with other people to develop experiences, and try out different strategies?
When the weather tomorrow is sunny with 30% probability, cloudy with 50% probability, and rainy with 20% probability, which of the following strategies offers the highest expected value?
(Unit: Value)
The following inventory statement of Build-Up Property Company describes the status of the company’s inventory since the beginning of the year 2014. When the company uses a first-in-first-out (FIFO) method for inventory asset valuation, what is the inventory value at the end of the year 2014?
Which of the following is the type of financial statement that shows a company’s assets, liabilities, and shareholders’ equity at a particular point of time?
A product that is produced through four (4) processes of A, B, C, and D must be produced in a quantity of 1,000 units per month. The table below lists the manufacturing time per unit, number of machines owned, and monthly production capacity in hours per machine for each process. Which of the following is a process that is lacking in capability?
To secure transparency in business administration, which of the following is a concept that supervises and monitors a company's activities from the perspective of questions such as for whom the company runs its business, how top management is structured, and whether the organization has self-improvement capabilities?
There are several quality control tools that are used primarily for manufacturing and inspection departments. Which of the following is a graph where appropriate units or attributes for the data are set on the vertical and horizontal axes correspondingly and measured values are plotted accordingly?
A company plans to provide a product with a fixed cost of $128,000, a variable cost per unit of $48, and a selling price per unit of $80. Which of the following is the point of sales (in dollars) to become break-even?
Which of the following is a management organization that has the characteristic of both project and functional organizations being able to flexibly respond to changes in the business environment?
Which of the following is a chart that represents values over a period (frequently one year) and shows simultaneously monthly figures (or weekly or daily), cumulative totals, and the moving averages?
When the estimated probabilities for the number of units that are sold per day for a product are as listed in the table below and the profit per unit is 10 dollars, what is the number of purchased units where the expected value for profit becomes a maximum? Here, a disposal loss of 3 dollars per unit is incurred if the product remains unsold on the day it was purchased.
Which of the following is an explanation of accountability at the executive managerial level?
Products A, B, C, and D are to be introduced to the market. The table below shows the expected profit for each product with three (3) sales forecasts (High, Medium, and Low) that are estimated to occur in accordance with the probability in the table. Which of the following is the product that is expected to make the highest profit according to the expected value principle?
A company sells two products, A and B, and makes a profit of 40 dollars and 30 dollars per unit on them respectively. They are produced through a common production process and are sold in two different markets. The production process has a total capacity of 3,000 person-hours. Pruduct A’s production time is 3 person-hours that is three times longer than that of product B. Having surveyed the market, company officials feel that the maximum number of units of product A that can be sold is 8,000, while for product B the maximum number of units is 1,200. Subject to these limitations, products can be sold in any combination. When the linear programming model is applied, which of the following is the formulation result that obtains the production amount that maximizes the company’s total profit? Here, the number of units of products A and B are x and y, respectively.
In financial statements, which of the following shows the company’s assets, liabilities, and net assets at a certain point in time and indicates the company’s financial situation?
Which of the following is an action that is taken in order to improve the cash flow?
Which of the following is an organizational structure of a corporation that is temporarily structured by specialists from each department to reach a specific goal over a limited period and operates independently from all other standing organizations?
There are several quality control tools that have been used primarily for manufacturing and inspection departments. Which of the following is a combined graph containing a bar graph that shows the numeric values of individual items in descending order, and a line graph that shows the cumulative total of the composition ratios of these numeric values?
In a sampling inspection, which of the following can be used to ascertain the probability of acceptance of a lot with a certain defective ratio?
Which of following is an expression for calculating the cost of goods sold (or cost of sales) of a manufacturing company?
The break-even point (BEP) is a level where total cost and total revenue are equal. The table below lists the fixed cost, variable cost per unit, price per unit, and BEP in units. Which of the following is a value of the price per unit?
Which of the following is a management organization that creates a cross-functional team between project and functional organizations to flexibly respond to changes in the business environment?
Which of the following is the appropriate description concerning creation and operation of a Business Continuity Plan (BCP)?
Company A has two media plans. One plan is for a series of 30-second radio advertisements (ads) and the other is for 60-second TV ads. Exposure is rated in points. The company is considering an exposure of at least 60 points in the city and at most 40 points outside the city. The table below shows the cost and exposure of both TV and radio ads. Which of the following is the set of expressions that can determine the number of media ads to minimize the total cost?