Entrep-Quiz No. 5

What describes how an entrepreneur will run the business from all facets of the business such as the manufacturing of goods, service delivery process, distribution of goods and services, logistics for delivery of goods, and inventory management?

• Method

• Machine

• Material

• Manpower

What are the 4 M's of operations in relation to the business opportunity?

• method, machine, materials, management

• method, machine, materials, manpower

• method, machine, mission, management

• method, mission, materials, management

What do you call the physical equipment or technology that can help the business operate seamlessly and with quality?

• Method

• Manpower

• Material

• Machine

It involves the determination of the number persons needed and their qualifications to operate the business.

• Method

• Manpower

• Machine

• Materials

It involves human skills, organization, resources, and specific job descriptions.

• Method

• Manpower

• Machine

• Materials

These are usually the consumable things you need to have in order to run the business.

• Method

• Manpower

• Machines

• Materials

Ody plans to start a business on making and selling longanisa. She is now getting ready to identify the 4 M's of her business operations. Which of the following are the items that must be included in her machines list.

• freezer/s, meat grinder, weighing scale, measuring cups, molders, containers

• water containers, plates, spoon, fork, ladle, freezer

• computer sets, printer, internet router, headsets,

• television, computer set, speaker

Most of the businesses nowadays are hiring delivery riders. As a Human Resource Manager, you will consider (qualification/requirements) ______________________.

What is the minimum number of suppliers the entpreneur must have?

• one

• two

• three

• four

Which of the following would you consider most when purchasing your raw materials?

• supplier and brand

• brand and price

• supplier and price

• quality and price