BUS 1-6 Review

What is the process of categorizing, sorting, and transporting goods to their final destinations efficiently and inexpensively?

• Manufacturing

• Distribution

• Logistics

• Purchasing

Which term refers to managing vehicles over their useful life to ensure efficient operations and tracking?

• Fleet Management

• Quality Control

• Supply Chain

• Transportation

What is the term for sales revenue minus the cost of goods sold?

• Net Profit

• Gross Profit

• Operating Income

• Revenue

What are resources used to make goods and services, like raw materials and labor, called?

• Outputs

• Inputs

• Logistics

• Operations

What is the process of optimizing the flow of inputs and outputs until goods reach their final destination?

• Manufacturing

• Distribution

• Logistics

• Quality Control

What is the making of products from raw materials and other inputs like labor and machinery called?

• Production

• Manufacturing

• Operations

• Purchasing

What is the use of technology and assembly lines to make large quantities of the same product known as?

• Mass Production

• Quality Control

• Fleet Management

• Distribution

What is the daily functioning of an organization, managing the inputs and outputs, and includes manufacturing, purchasing, and logistics?

• Operations

• Production

• Supply Chain

• Transportation

What is the end result of the process that uses inputs to make goods and services?

• Inputs

• Outputs

• Logistics

• Quality Control

What is the organized acquisition of goods and services on behalf of a business called?

• Manufacturing

• Purchasing

• Distribution

• Operations