Business Operations- Recap Quiz

Business Operations- Recap Quiz

10th Grade

12 Qs

quiz-placeholder

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Business Operations- Recap Quiz

Business Operations- Recap Quiz

Assessment

Quiz

Business

10th Grade

Practice Problem

Medium

Created by

seema joseph

Used 12+ times

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12 questions

Show all answers

1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Which functional area is responsible for producing products?

Human Resources

Marketing

Operations

Finance

2.

MULTIPLE CHOICE QUESTION

10 sec • 1 pt

Which method of production allows businesses to tailor their products to the customer’s needs?

Job Production

Flow Production

Lean Production

Batch Production

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Which of the following is not a type of lean production?

KAIZEN

JIT

Flow Production

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Which method of production will allow a business to produce large quantities of identical products?

Lean Production

Job Production

Flow Production

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What does JIT stand for?

Just Inside Time

Just on Time

Just in Time

Just in Trade

6.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Which of these is an advantage of just-in-time (JIT)?

It eliminates buffer stock allowing previously used storage space to be used as sales space

Buying in smaller quantities means a loss of bulk buying discounts

Business is more likely to be able to meet spikes in demand

7.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

How does a business measure how efficient it is?

Average rate of return

Cost per unit

Net Cash Flow

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