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BML 10-1
Test Description: Business Management and Law, Chapter 10, set 1.
Instructions: Answer all questions to get your test result.
1) Inventory is a list of all of a company's
A
lions, tigers and bears
B
materials, supplies and finished products
C
employees, customers and creditors
D
assets, liabilities, and equity
2) Research done just to find a solution to a problem, without a particular product in mind, is called
A
pure research
B
solid gold
C
applied research
D
alchemy
3) What kind of producers get materials from other producers an change them into a different type of product for consumers or other businesses?
A
farmers
B
wizards
C
Steven Spielberg
D
manufacturers
4) Which business operation involves determining what needs to be done, who will do it, and what they need to do it with?
A
scheduling
B
facilities management
C
appendectomy
D
logistics
5) If a business offers products that meet all of its customers' needs at competitive prices, it cannot fail.
A
True, because busines operations don't matter.
B
False, because a little birdie told me.
C
False, because its business operations may be so inefficient that it cannot operate.
D
True, because Forrest Gump's mama said so.
6) Which of these is NOT part of an operational plan?
A
Who will do the work.
B
What resources are needed to do the work.
C
How the work will be done.
D
What work will be done.
7) Raw materials from nature are called
A
natural resources
B
processed goods
C
agricultural products
D
lunch, as soon as they are cooked
8) Which of the following is LEAST likely to be made using intermittent processing?
A
t-shirts
B
textbooks
C
graduation invitations
D
oil
9) Which of the following is MOST likely to be made using continuous processing?
A
houses
B
a bridge
C
maple syrup
D
golden Ferarris
10) The best practices among companies in a particular field are called
A
two-a-days
B
benchmarks
C
that's-gonna-leave-a-mark
D
toolbags
*select an answer for all questions
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