Virtual Business: Management Reading Quiz Lessons 6-10

Manufacturing companies compete primarily on what factor?

• Price

• Weight

• Revenue

• Sales

What starts the bidding process?

• Invitation to bid

• Proposal

• Presentation

• PowerPoint

Which type of bid is restricted to a select group of pre-screened manufacturers?

• Open Tender

• Restricted Tender

• Request for Proposal

• Closed Tender

What is the name for a legally binding agreement in which the company agrees to provide products and services?

• Bid

• Contract

• Open Tender

• Request for propsal

Making sure the company has enough production capability to meet demand is an example of which concept?

• Project planning

• Capacity planning

• Resource planning

• Financial planning

An operations manager can be likened to which other occupation?

• Orchestra conductor

• Attorney

• Journalist

• All of the above

What is the term used to describe the art and science of creating processes within an organization

• Design theory

• Workflow

• Process design

• Instructional design

A graphical representation of a process is known by which term?

• Flow chart

• Organizational chart

• Timeline

• Venn diagram

What is the term for the process of planning production by ensuring that raw materials get to the factory floor on time, and finished products get to customers in a timely manner?

• Materials requirements planning

• Enterprise resource planning

• Capacity planning

• Project planning

What is defined as the people, parts, and processes involved in getting products or services from suppliers, on through to manufacturing and production, and then on to customers?

• Efficiency chain

• Economic chain

• Supply chain

• Turnover chain