POB 4.0 Review Woolf

A business can reduce risk by

• weight loss programs

• safety training

• supply manuals

• have the manager send out emails

The primary reason Gov't develope workplace health and safety regulations is to:

• protect citizens from injury and illness

• reduce the risk of employment discrimination

• ensure worker's have the ability to get insurance

• prevent cyber security issues

Susi wnats yo compare prices from different vendors for the same goods or services. What part of the business process is she part of

• Taking anc checking receipts

• invoicing the vendors

• bid analysis ( Comparing different bids)

• price fixing

What question should be answered by the purchasing function of the business?

• How can the business inform customers of new merchandise for sale

• How much merchandise should the business purchase for resale or raw materials needed.

• How will the merchandise be shipped?

• How can the product that is purchased be protected from theft.

The first step in maintaining proper inventory of supplies for the business is to:

• Find a space where the supplies can be stored

• compare prices of the different vendors

• develope a list of supplies that the business will need

• conduct research to find the best vendors to buy from

A business that wants to purchase just the quantity of supplies needed when purchasing goods they can:

• Minimize inventory investments by buying only what is needed for each month

• Buy 6 monthes of extra nventory

• buy at the lowest cost possible

• plan the compamy's cash flow

Some companies will use an automactic recoder system to maintain

• an accurate budget for future expense

• create a safe environment

• Keep anaccurate inventory of current supplies

• helps the maintenance department fix machines

Which one of these is an example of a short term objective?

• I want to learn to become fluent in a foreign language

• I would like to become CEO of a bank in Charlotte, NC

• I want to pay off my home mortgage in 15 years

• I want to finish with an A in this course in the 2nd term

What is an example of a long term objective?

• I want to lose 10 pounds by Christmas

• I want to get an A in this class

• I want to work to pay of my Credit Card Bill next month

• I want to become the President of a frtune 500 company

What is the most important components of the production process?

• Human Resources ( Humans or people working in the plant)

• goods and services (Sales and Marketing)

• new tech ( AI)

• inputs and putputs ( Data and accounting)