Entrepreneurship I - Objective 4.02 Vocabulary Quiz
Quiz
•
Business
•
9th - 12th Grade
•
Medium
Nina Southern
Used 87+ times
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22 questions
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1.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
A method of collecting price quotes from suppliers vying for an order or job
Guarantee
Competitive Bidding Process
Make-or-by decision
Purchasing Process
2.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Information about a person’s or business’s skills, abilities, and qualifications
Warranty
Credentials
Manufacturer
Guarantee
3.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Tangible objects and materials
Goods
Services
Warranty
Suppliiers
4.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
A promise made to the consumer that a product’s purchase price will be refunded if that product is not satisfactory
Negotiation
Warranty
Purchase Agreement
Make-or-Buy Decision
5.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
The formal, printed record of a sale that includes all necessary information as to the buyer, the seller, items purchased, amounts, prices, delivery date, credit or discount terms, etc.
Purchase Agreement
Credentials
Invoice
Purchase Order
6.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
The act of determining whether to produce a needed part or purchase it from a supplier
Competitive Bidding Process
Productivity
Transformation
Make-or-Buy Decision
7.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
A type of producer that changes the shapes or forms of materials so that they will be useful to consumers
Manufacturer
Supplier
Wholesaler
Retailer
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