QUIZ NO. 1 ENTREPRENEURSHIP

1.       Which of the following refers to the human workforce involved in the manufacture of products?

• MATERIALS

• METHODS

• MACHINE

• MANPOWER

2. 2. The 4M’s of production are as follows except ONE. Which one is it?

• MANAGEMENT

• MANPOWER

• METHODS

• MATERIALS

3. 3. Which of the following refers to the marketing copy that explains what a product is and why it is worth purchasing?

• PROTOTYPE

• PRODUCT DESCRIPTION

• BUSINESS MODELS

• SUPPLIERS

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

• INPUT

• SUPPLIES

• OUTPUT

• MATERIALS

5. 5. It is a replica of a product.

• PROTOTYPE

• PRODUCT DESCRIPTION

• BUSINESS MODEL

• SUPPLIERS

6. 6. Which of the following refers to the system of organizations, people, activities, information, and resources involved in moving a product or service from supplier to customer?

• SUPPLY CHAIN

• VALUE CHAIN

• BUSINESS MODEL

• PROTOTYPE

7. 7. Which of the following is the process or activities by which a company adds value to an article, including production, marketing, and the provision of after sales service?

• SUPPLY CHAIN

• VALUE CHAIN

• BUSINESS MODEL

• PROTOTYPE

8. 8. It refers to the process or technique of converting raw materials to finished products.

• MACHINE

• MATERIALS

• METHOD

• MANPOWER

9. 9. It simply refers to the raw materials needed in the production of a product.

• METHODS

• MACHINES

• MATERIALS

• MANPOWER

10. 10. Which of the following refers to the manufacturing equipment used in the production of goods or delivery of services?

• MATERIALS

• MACHINES

• METHODS

• MANPOWER