Section 4.00 Question Preview (ID: 57703)
Read Each Statement Carefully And Select The Best Answer.
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One of the employers responsibilities is to ensure that workers have health and safe training for all workers
a) True
b) False
c)
d)
Bid analysis is defined as:
a) comparing prices offered by different vendors for the same goods and services
b) purchasing just the quantity of supplies that is needed
c)
d)
The buying of goods and services for a business is called ____
a) purchasing process
b) purchasing
c)
d)
The form that a business fills out to order goods; may be the same as a purchase agreement or purchase contract.
a) Reorder point
b) Purchase order
c)
d)
________ is the inventory level at which a company would place a new order or start a new manufacturing run.
a) Reorder point (or reorder level)
b) Safety stock
c)
d)
Dispatching is defined as issuing orders for production to begin
a) True
b) False
c)
d)
______ is making sure products meet standard and are completed according to plan
a) Planning
b) Follow - up
c)
d)
When you maintain a ______ of supplies for your business it is operating efficiently
a) inventory
b) vendor
c)
d)
_______ are people who work to produce goods and service in the production process.
a) Capital Good
b) Human resources
c)
d)
________the way in which production will be carried out.
a) Production process
b) Scheduling
c)
d)
A federal government agency that writes and enforces safety and health standards for businesses.
a) Occupational Safe and Health Act of 1970
b) The Fair Labor Standards Act (FLSA) of 1938
c)
d)
Obtain written confirmation from suppliers of verbal quote(s) and keep a file to file with office copy of the purchase order.
a) TRUE
b) FALSE
c)
d)
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