Production Function relates to: (1) costs to outputs (2) costs to inputs (3) inputs to outputs (4) wage level to profits

Production Function relates to: (1) costs to outputs (2) costs to inputs (3) inputs to outputs (4) wage level to profits
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(3) inputs to outputs Explanation: In microeconomics and macroeconomics, a production function is a function that specifies the out-put of a firm, an industry, or an entire economy for all combinations of inputs. The primary purpose of the production function is to address allocative efficiency in the use of factor inputs in production and the resulting distribution of income to those factors.
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Production function relates - (1) Cost to output (2) Cost to input (3) Wages to profit (4) Inputs to output

Description : Production function relates - (1) Cost to output (2) Cost to input (3) Wages to profit (4) Inputs to output

Last Answer : (4) Inputs to output Explanation: Production function specifies the output of a firm, an industry, or an entire economy for all combinations of inputs. The relationship of output to inputs is ... relates physical inputs to physical outputs, and prices and costs are not reflected in the function.

Production function relates (1) Cost to output (2) Cost to input (3) Wages to profit (4) Inputs to output

Description : Production function relates (1) Cost to output (2) Cost to input (3) Wages to profit (4) Inputs to output

Last Answer : Inputs to output

Gross National Product means - (1) gross value of finished goods (2) money values of the total national production for any given period (3) gross value of raw materials and semifinished products (4) money value of inputs and outputs

Description : Gross National Product means - (1) gross value of finished goods (2) money values of the total national production for any given period (3) gross value of raw materials and semifinished products (4) money value of inputs and outputs

Last Answer : (2) money values of the total national production for any given period Explanation: Gross national product (GNP) is the market/monetary value of all products and services produced in one year by labour and property supplied by the residents of a country.

Gross National Product means (1) gross value of finished goods (2) money values of the total national production for any given period (3) gross value of raw materials and semi-finished products (4) money value of inputs and outputs

Description : Gross National Product means (1) gross value of finished goods (2) money values of the total national production for any given period (3) gross value of raw materials and semi-finished products (4) money value of inputs and outputs

Last Answer : money values of the total national production for any given period

Economies of a firm are : (1) An increase in its profits (2) A reduction in its selling expenses (3) Its dominance of the market (4) Saving in it's production costs

Description : Economies of a firm are : (1) An increase in its profits (2) A reduction in its selling expenses (3) Its dominance of the market (4) Saving in it's production costs

Last Answer : (4) Saving in it's production costs Explanation: Economics of a firm includes how it combines labour and capital so as to lower the average cost of output, either from increasing, decreasing, or constant returns ... of a good or a service on a larger scale, yet with (on average) less input costs.

Economies of a firm are : (1) An increase in its profits (2) A reduction in its selling expenses (3) Its dominance of the market (4) Saving in it’s production costs

Description : Economies of a firm are : (1) An increase in its profits (2) A reduction in its selling expenses (3) Its dominance of the market (4) Saving in it’s production costs 

Last Answer : Saving in it’s production costs

Value added is: a) the cost saving through production and marketing efforts within the firm. b) the value that a firm adds through the development of dynamic capabilities. c) the value that a firm adds to bought-in materials and services through outsourcing. d) the difference between the cost of inputs and the market value of outputs

Description : Value added is: a) the cost saving through production and marketing efforts within the firm. b) the value that a firm adds through the development of dynamic capabilities. c) the value that a ... through outsourcing. d) the difference between the cost of inputs and the market value of outputs

Last Answer : the difference between the cost of inputs and the market value of outputs

64. For any company, energy consumption mostly relates to…….. a) Profits b) Inventory c) Production d) All the above

Description : 64. For any company, energy consumption mostly relates to…….. a) Profits b) Inventory c) Production d) All the above

Last Answer : Production

A function point is a measure of program size based on the number and complexity of inputs, outputs, queries, files and program interfaces.

Description :  A function point is a measure of program size based on the number and complexity of  inputs, outputs, queries, files and program interfaces.

Last Answer : Ans: True

A(n) ____________ is a measure of program size based on the number and complexity of inputs, outputs, queries, files, and program interfaces. a. function point b. line of code c. project plan d. standard module e. workplan

Description : A(n) ____________ is a measure of program size based on the number and  complexity of inputs, outputs, queries, files, and program interfaces.  a. function point  b. line of code  c. project plan  d. standard module  e. workplan

Last Answer : a. function point

What is the name of the function in the following statement “A perceptron adds up all the weighted inputs it receives, and if it exceeds a certain value, it outputs a 1, otherwise it just outputs a 0”? a) Step function b) Heaviside function c) Logistic function d) Perceptron function

Description : What is the name of the function in the following statement “A perceptron adds up all the weighted inputs it receives, and if it exceeds a certain value, it outputs a 1, otherwise it just outputs a 0”? a) Step function b) Heaviside function c) Logistic function d) Perceptron function

Last Answer : b) Heaviside function

Consider a project with the following functional units : Number of user inputs = 50 Number of user outputs = 40 Number of user enquiries = 35 Number of user files = 06 Number of external interfaces = 04 Assuming all complexity adjustment factors and weighing factors as average, the function points for the project will be (A) 135 (B) 722 (C) 675 (D) 672

Description : Consider a project with the following functional units : Number of user inputs = 50 Number of user outputs = 40 Number of user enquiries = 35 Number of user files = 06 Number of external interfaces = 04 ... average, the function points for the project will be (A) 135 (B) 722 (C) 675 (D) 672

Last Answer : (D) 672

The internal rate of return - (1) must be less than the interest rate if the firm is to in-vest. (2) makes the present value of profits equal to the present value of costs. (3) falls as the annual yield of an investment rises. (4) is equal to the market interest rate for all the firm's in-vestment.

Description : The internal rate of return - (1) must be less than the interest rate if the firm is to in-vest. (2) makes the present value of profits equal to the present value of costs. (3) falls as the annual yield of an investment rises. (4) is equal to the market interest rate for all the firm's in-vestment.

Last Answer : (3) falls as the annual yield of an investment rises. Explanation: The internal rate of return on an investment or project is the "annualized effective compounded re-turn rate" or discount rate ... the investment equals the net present value of the benefits (positive cash flows) of the investment.

The internal rate of return (1) must be less than the interest rate if the firm is to invest. (2) makes the present value of profits equal to the present value of costs. (3) falls as the annual yield of an investment rises. (4) is equal to the market interest rate for all the firm’s investment.

Description : The internal rate of return (1) must be less than the interest rate if the firm is to invest. (2) makes the present value of profits equal to the present value of costs. (3) falls as the annual yield of an investment rises. (4) is equal to the market interest rate for all the firm’s investment. 

Last Answer : falls as the annual yield of an investment rises.

Production function explains the relationship between - (1) initial inputs and ultimate output (2) inputs and ultimate consumption (3) output and consumption (4) output and exports

Description : Production function explains the relationship between - (1) initial inputs and ultimate output (2) inputs and ultimate consumption (3) output and consumption (4) output and exports

Last Answer : (1) initial inputs and ultimate output Explanation: Production function explains the relationship between factor input and output under given technology. It explains as to for increasing the ... . Production function explains the physical relationship between input and output under given technology.

Production function expresses - (1) technological relationship between physical inputs and output (2) financial relationship between physical inputs and output (3) relationship between finance and technology (4) relationship between factors of production

Description : Production function expresses - (1) technological relationship between physical inputs and output (2) financial relationship between physical inputs and output (3) relationship between finance and technology (4) relationship between factors of production

Last Answer : (1) technological relationship between physical inputs and output Explanation: Production involves transformation of inputs into outputs. The output is a function of input. The functional relationship between ... be produced from any given quantities of various inputs during a given period of time.

Production function explains the relationship between (1) initial inputs and ultimate output (2) inputs and ultimate consumption (3) output and consumption (4) output and exports

Description : Production function explains the relationship between (1) initial inputs and ultimate output (2) inputs and ultimate consumption (3) output and consumption (4) output and exports

Last Answer : initial inputs and ultimate output

Production function expresses (1) technological relationship between physical inputs and output (2) financial relationship between physical inputs and output (3) relationship between finance and technology (4) relationship between factors of production

Description : Production function expresses (1) technological relationship between physical inputs and output (2) financial relationship between physical inputs and output (3) relationship between finance and technology (4) relationship between factors of production

Last Answer : technological relationship between physical inputs and output

How many inputs and how many outputs of NOT gate ?

Description : How many inputs and how many outputs of NOT gate ?

Last Answer : NOT Gate has one input and one output.

What are the inputs and outputs of a toaster?

Description : What are the inputs and outputs of a toaster?

Last Answer : Need answer

What is a mapping between a set of inputs and a set of outputs?

Description : What is a mapping between a set of inputs and a set of outputs?

Last Answer : It is simply a mapping. It could be a function but there areseveral conditions that need to be met before the mapping canbecome a function and there is no basis for assuming that thoseconditions are met.

Transformation of physical inputs into physical outputs is termed as

Description : Transformation of physical inputs into physical outputs is termed as

Last Answer : Ans. Production

One feature of the operational amplifier is that it can have ____________. A. up to ten outputs B. binary coded decimal inputs C. several hundred amps at the output D. inverting and non-inverting inputs

Description : One feature of the operational amplifier is that it can have ____________. A. up to ten outputs B. binary coded decimal inputs C. several hundred amps at the output D. inverting and non-inverting inputs

Last Answer : Answer: D

Which one of the following statements best defines procd. The process by which products and services required for the project are acquired.urement? a. A technique to establish the best approach for obtaining the resources for the project. b. A group of interrelated resources and activities that transform inputs into outputs. c. The description of the purpose, form and components to support delivery of a product.

Description : Which one of the following statements best defines procurement? a. A technique to establish the best approach for obtaining the resources for the project. b. A group of interrelated resources and ... product. d. The process by which products and services required for the project are acquired.

Last Answer : d. The process by which products and services required for the project are acquired.

____ and ____ refer to the mechanism applied to the inputs to create the desired outputs.

Description : ____ and ____ refer to the mechanism applied to the inputs to create the desired outputs.

Last Answer : Ans. Tools and techniques

Which one of the following statements best defines procurement? a. A technique to establish the best approach for obtaining the resources for the project. b. A group of interrelated resources and activities that transform inputs into outputs. c. The description of the purpose, form and components to support delivery of a product. d. The process by which products and services required for the project are acquired.

Description : Which one of the following statements best defines procurement?  a. A technique to establish the best approach for obtaining the resources for the project.  b. A group of interrelated resources and ... product.  d. The process by which products and services required for the project are acquired.

Last Answer : d. The process by which products and services required for the project are acquired.

A perceptron adds up all the weighted inputs it receives, and if it exceeds a certain value, it outputs a 1, otherwise it just outputs a 0. a) True b) False c) Sometimes – it can also output intermediate values as well d) Can’t say

Description : A perceptron adds up all the weighted inputs it receives, and if it exceeds a certain value, it outputs a 1, otherwise it just outputs a 0. a) True b) False c) Sometimes – it can also output intermediate values as well d) Can’t say

Last Answer : a) True

. In an Unsupervised learning ____________ a) Specific output values are given b) Specific output values are not given c) No specific Inputs are given d) Both inputs and outputs are given

Description : . In an Unsupervised learning ____________ a) Specific output values are given b) Specific output values are not given c) No specific Inputs are given d) Both inputs and outputs are given

Last Answer : b) Specific output values are not given

Which were built in such a way that humans had to supply the inputs and interpret the outputs? a) Agents b) AI system c) Sensor d) Actuators

Description : Which were built in such a way that humans had to supply the inputs and interpret the outputs? a) Agents b) AI system c) Sensor d) Actuators

Last Answer : b) AI system

Various Organizational routines & processes that determines how efficiently and effectively the Organization transforms it’s inputs into outputs is called: A. Strength B. Core Competencies C. Capabilities D. Customer Value

Description : Various Organizational routines & processes that determines how efficiently and effectively the Organization transforms it’s inputs into outputs is called: A. Strength B. Core Competencies C. Capabilities D. Customer Value

Last Answer : Core Competencies

What is a firm? a. A president, some vice presidents, and some employees b. Any organization that wants to make a profit. c. Any accumulation of productive assets. d. Any organization that turns inputs into outputs

Description : What is a firm? a. A president, some vice presidents, and some employees b. Any organization that wants to make a profit. c. Any accumulation of productive assets. d. Any organization that turns inputs into outputs

Last Answer : d. Any organization that turns inputs into outputs

How many inputs and outputs are possible with a differential amplifier?

Description : How many inputs and outputs are possible with a differential amplifier?

Last Answer : Two inputs, two outputs.

In an Unsupervised learning a) Specific output values are given b) Specific output values are not given c) No specific Inputs are given d) Both inputs and outputs are given e) Neither inputs nor outputs are given

Description : In an Unsupervised learning a) Specific output values are given b) Specific output values are not given c) No specific Inputs are given d) Both inputs and outputs are given e) Neither inputs nor outputs are given

Last Answer : b) Specific output values are not given

Plant P Plant Producti roductivity is: vity is: a)Productivity = Inputs/Outputs b)Productivity = lnputs*Outputs c)Productivity = Outputs//lnputs d) None of the above

Description : Plant P Plant Producti roductivity is: vity is: a)Productivity = Inputs/Outputs b)Productivity = lnputs*Outputs c)Productivity = Outputs//lnputs d) None of the above

Last Answer : c)Productivity = Outputs//lnputs

A measure A measure of the success of an success of an operation in converting operation in converting inputs to inputs to outputs is outputs is a. Efficiency b. Effectiveness Effectiveness c. Quality d. Profitability

Description : A measure A measure of the success of an success of an operation in converting operation in converting inputs to inputs to outputs is outputs is a. Efficiency b. Effectiveness Effectiveness c. Quality d. Profitability

Last Answer : a. Efficiency

…………………. is a group of interested components working together towards a common goal by accepting inputs and producing outputs in an organized transformation process. A) System B) Network C) Team D) System Unit

Description : …………………. is a group of interested components working together towards a common goal by accepting inputs and producing outputs in an organized transformation process. A) System B) Network C) Team D) System Unit

Last Answer : A) System

A full adder logic circuit will have (A) Two inputs and one output. (B) Three inputs and three outputs. (C) Two inputs and two outputs. (D) Three inputs and two outputs.

Description : A full adder logic circuit will have (A) Two inputs and one output. (B) Three inputs and three outputs. (C) Two inputs and two outputs. (D) Three inputs and two outputs.

Last Answer : Ans: D A full adder circuit will add two bits and it will also accounts the carry input generated in the previous stage. Thus three inputs and two outputs (Sum and Carry) are there.

List typical inputs and outputs for PLC (four input and any four output).

Description : List typical inputs and outputs for PLC (four input and any four output).

Last Answer : Typical PLC inputs  Push Button  Selector Switch  Proximity switch  FOOT switch, level switch  Analog input  Typical PLC outputs  Contactor Coil, solenoid, relay  Indicating Lamp  Buzzer  Alaram annunciator

Product elimination can best be described as the process of deleting a product from the product mix when it A)is perceived as a failure by top management. B)increases production costs and decreases profits. C)no longer responds to promotional efforts. D)no longer satisfies a sufficient number of customers.

Description : Product elimination can best be described as the process of deleting a product from the product mix when it A)is perceived as a failure by top management. B)increases production costs and ... C)no longer responds to promotional efforts. D)no longer satisfies a sufficient number of customers.

Last Answer : D)no longer satisfies a sufficient number of customers.

According to the classical system, saving is a function of - (1) Income (2) The interest rate (3) The real wage (4) The Price level

Description : According to the classical system, saving is a function of - (1) Income (2) The interest rate (3) The real wage (4) The Price level

Last Answer : (1) Income Explanation: Saving function is a mathematical relation between saving and income by the household sector. This function captures the saving-income relation, the flip side of the consumption-income relation that forms one of the key building blocks for Keynesian economics.

According to the classical system, saving is a function of (1) Income (2) The interest rate (3) The real wage (4) The Price level

Description : According to the classical system, saving is a function of (1) Income (2) The interest rate (3) The real wage (4) The Price level

Last Answer : Income

Which three factors drive labor cost? a. Production capacity b. Wage and benefit rates c. Automation levels d. Second shift/Overtime costs e. b, c, d

Description : Which three factors drive labor cost? a. Production capacity b. Wage and benefit rates c. Automation levels d. Second shift/Overtime costs e. b, c, d

Last Answer : e. b, c, d

Select the FALSE statement about an inventory system. A)The objective of minimum total inventory cost must be balanced against a customer service level necessary to maximise profits. B)EOQ is the size of inventory that minimises only the cost of carrying inventory. C)There is a tradeoff between inventory carrying costs and the probability of stockouts. D)Inventory carrying costs usually increase as the level of customer service increases.

Description : Select the FALSE statement about an inventory system. A)The objective of minimum total inventory cost must be balanced against a customer service level necessary to maximise profits. B)EOQ is ... of stockouts. D)Inventory carrying costs usually increase as the level of customer service increases.

Last Answer : B)EOQ is the size of inventory that minimises only the cost of carrying inventory.

The basic object of all production is to (1) satisfy human wants (2) provide employment (3) make profits (4) increase physical output

Description : The basic object of all production is to (1) satisfy human wants (2) provide employment (3) make profits (4) increase physical output

Last Answer : (1) satisfy human wants Explanation: According to Adam Smith, consumption is the sole end and purpose of all production. The goal of production is the satisfaction of human desire. All the processes, by which human labor creates goods and services, bring them to the ultimate consumer.

A firm should cease production in the short(a) Price is less than average fixed cost (b) Price is less than average cost (c) Profits are negative (d) Price is less than average variable cost run if

Description : A firm should cease production in the short run if(a) Price is less than average fixed cost (b) Price is less than average cost (c) Profits are negative (d) Price is less than average variable cost

Last Answer : (d) Price is less than average variable cost

The basic object of all production is to (1) satisfy human wants (2) provide employment (3) make profits (4) increase physical output

Description : The basic object of all production is to (1) satisfy human wants (2) provide employment (3) make profits (4) increase physical output

Last Answer : satisfy human wants

.In Heckscher Ohlin theory production function differ between commodities but are same between---- (a) countries. (b) factors © costs. (d) revenues.

Description : .In Heckscher Ohlin theory production function differ between commodities but are same between---- (a) countries. (b) factors © costs. (d) revenues.

Last Answer : (a) countries.

Some organizations have escalator clause in their labour agreements. What does this clause provide for ? (A) Automatic increase in wage/salary depending on seniority (B) Wage increase depending on output per day by the worker (C) Automatic increase in wage/salary depending upon increase in price index (D) Automatic increase in wage/salary depending on increase in profits of the firm

Description : Some organizations have escalator clause in their labour agreements. What does this clause provide for ? (A) Automatic increase in wage/salary depending on seniority (B) Wage increase depending on output ... index (D) Automatic increase in wage/salary depending on increase in profits of the firm

Last Answer : Answer: Automatic increase in wage/salary depending on increase in profits of the firm

Which of the following is not a benefit of international trade? (a) Lower domestic prices (b) Development of more efficient methods of production © A wider selection of products for domestic consumers (d) High wage levels for all domestic workers.

Description : Which of the following is not a benefit of international trade? (a) Lower domestic prices (b) Development of more efficient methods of production © A wider selection of products for domestic consumers (d) High wage levels for all domestic workers.

Last Answer : The theory of comparative cost advantage is given by

.Induced investment depends on (a) Price level and rate of interest (b) Level of income and rate of interest © Level of employment and wage rate (d) Price level and wage rate.

Description : .Induced investment depends on (a) Price level and rate of interest (b) Level of income and rate of interest © Level of employment and wage rate (d) Price level and wage rate.

Last Answer : (b) Level of income and rate of interest