Business Management II Part 3

Which type of inventory has a function in the input process?

• paint supplies

• finished goods

• defective items

• packing materials

Gloves for workers to wear to protect their hands during the production process are examples of what type of inventory?

• retail

• transit

• work-in-process

• maintenance, repair, and operating goods

A primary reason it is important for businesses to continuously try to improve work processes is to:

• increase efficiency

• motivate employees

• encourage creativity

• communicate effectively

Maintaining an inventory of supplies helps a business to:

• locate vendors

• operate efficiently

• evaluate processes

• establish marketing goals

A business can prevent its trade secrets from further disclosure to third parties by asking the court to issue a/an

• appeal

• contract

• injunction

• warrant

What type of job hazard is falling due to a slippery floor

• biological

• chemical

• noise

• safety

The purpose of supply chain management is to:

• ensure the company has new products

• ensure inventory is available to meet demand

• ensure that vendors stay committed to the company

• ensure the organization is always aware of what is happening

Sierra, a managerial accountant for Pepsi, develops estimates of how much each department will spend in the upcoming year. What task of managerial accounting is she completing?

• budgeting

• handling taxes

• recording transactions

• aiding in strategic planning

An advantage to businesses of using quality control methods is that these methods often:

• involve time

• reduce costs

• increase waste

• require directions

Businesses develop a quality culture by a combination of continual improvement and:

• goodwill

• research

• security

• teamwork