Operations Quiz

To categorize, sort, and transport goods to all their final destinations as efficiently, inexpensively, and carefully as possible.

• Distribution

• Transportation

Managing vehicles over their useful life to ensure efficient operations, durability, and reliability, as well as monitoring driver performance and tracking each vehicle’s location at all times.

• Fleet Management

• Purchasing

Sales revenue minus cost of goods sold (COGS); it is the margin before any other expenses are subtracted.

• Production

• Gross Margin

Resources used to make goods and services, like raw materials, labor, machinery and tools.

• Inputs

• Operations

Optimizing the flow of inputs and outputs until goods reach their final destination.

• Logistics

• Mass Production

The making of products from raw materials and other inputs like labor, machinery, and tools.

• Distribution

• Manufacturing

Using technology and assembly lines to make large quantities of the same product.

• Mass Production

• Gross Margin

The daily functioning of an organization, managing the inputs and outputs, and includes manufacturing, purchasing, and logistics.

• Operations

• Fleet Management

The end result of the process that uses inputs to make goods and services.

• Logistics

• Output

The creation of usable goods.

• Production

• Mass Production