ENTREP-QUIZ-1

It represents the final products from the production process and distributed to the customers.

The 4M’s in the production operation are the materials, manpower, machine and money.

• TRUE

• FALSE

Answer explanation

The 4M's of operations are Manpower, Materials, Method, and Machines

It refers to the workers involved in the production of goods.

Product description is the marketing copy that explains what a product is and it’s benefits.

• TRUE

• FALSE

A replica of a product.

Educational qualifications and experience is one of the criteria in considering manpower.

• TRUE

• FALSE

Skills and expertise is not important in considering manpower.

• TRUE

• FALSE

Refers to the manufacturing equipment.

An entity that supplies goods and services to another organization.

In selecting the type of equipment to purchase, the entrepreneur may consider cost and capacity of the equipment.

• TRUE

• FALSE