Operations Management

Operations Management

University

10 Qs

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Operations Management

Operations Management

Assessment

Quiz

Business

University

Practice Problem

Hard

Created by

Pauline Jumig

Used 85+ times

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10 questions

Show all answers

1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

He is responsible for for planning, organizing, staffing, implementing, and controlling operations of a business.

CEO

Manager

Board of Directors

Employees

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

It includes all activities involved in obtaining, training, and compensating the employees of a business.

Staffing

Planning

Organizing

Implementing

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

This contains all of the rules, policies, and procedures that a business should follow to function effectively.

Management

Organizing

Operations Management

Operations Manual

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

It also called stock control, is the process of managing a company's inventory levels

Purchasing Plan

Inventory

Inventory Control

Inventory Needs

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

This method keeps track of inventory levels on a daily basis.

Perpetual Inventory Method

Periodic Inventory Method

Cost of Being Out of Stock

Cost of Carrying Inventory

6.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

It involves taking a physical count of your merchandise at regular intervals

Perpetual Invetory Method

Periodic Invetory Method

Cost of Being Out of Stock

Cost of Carrying Inventory

7.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

It is the rate at which the inventory of a product is sold and replaced with new inventory.

Cost of Being Out of Stock

Cost of Carrying Inventory

Stock Turnover Rate

Analyze Sales

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