ENTREP Q4

What is defined as the process and method used to transformed tangible and intangible inputs into goods or services 

• Advertising

• Marketing

• Production

• Operation

What production objective is based upon the customer needs, in which it is determined by the cost of the product and the technical characteristics as suited to the specific requirements?

• Right manufacturing cost

  
  

• Right quality

• Right quantity

• Right time

What is defined as a 6M of Operations Management that pertains to the art of doing where there is a set of procedures and instructions

• Machine

• Manpower

• Method

• Money

What is defined as a 6M of Operations Management that pertains to the ideal number of people and their positions needed to accomplish the operation

• Machine

• Manpower

• Method

• Money

What is defined as the basic tools to produce goods or to generate services

• Machine

• Manpower

• Method

• Money

Also identified as Funds, what is this 6M of Operation is a management requirement needed to meet day to day transactions?

• Machine

• Manpower

• Method

• Money

A basic ingredient in Management be it in service industry or product, what is this 6M of Operations that impacts quantity and quality of goods and services depending on a Entrepreneurs access?

• Machine

• Manpower

• Method

• Money (Dapat MATERIAL)

Often performed by a "manager," what is this that involves setting objectives and targets for different aspects of the organization?

• Machine

• Manpower

• Method (Dapat MANAGEMENT xD)

• Money

  
  

How would you recognize the whole series of activities that create and build at every step?

•  Machine

• Manpower

• Method

• Money

What can you say about the importance of Production Management to the standard of living?

• Production management conducts continuous research and development (R&D), so they produce new and better varieties of products.

• Production management creates utility

• Production management generates many different job opportunities, both directly and indirectly 

  
  

• Production management improves the quality of the products