Business Operations- Recap Quiz

Which functional area is responsible for producing products?

• Human Resources

• Marketing

• Operations

• Finance

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

• Job Production

• Flow Production

• Lean Production

• Batch Production

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

• KAIZEN

• JIT

• Flow Production

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

• Lean Production

• Job Production

• Flow Production

What does JIT stand for?

• Just Inside Time

• Just on Time

• Just in Time

• Just in Trade

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

How does a business measure how efficient it is?

• Average rate of return

• Cost per unit

• Net Cash Flow

What does lean production aim to reduce?

• Waste

• Selling Price

• Quality

Which product is most likely to be made using job production?

• Wedding Dress

• Frozen Fish fingers

• Televisions

Which product is most likely to be made using flow production?

• Wedding Cake

• Biscuits

• Hand-made Crafts