Quiz 1 Entrep (4th)

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

• A. Materials

• B. Method

• C. Machine

• D. Manpower

2. The 4M’s of production are as follows except ONE. Which of the following?

• A. Management

• B. Manpower

• C. Method

• D. Machine

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

• A. Prototype

• B. Product description

• C. Business Model

• D. Suppliers

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

• A. Input

• B. Supplies

• C. Output

• D. Materials

5. What do you call the replica of the product?

• A. Prototype

• B. Product description

• C. Business Model

• D. Suppliers

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?

• A. Supply chain

• B. Value chain

• C. Business model

• D. Prototype

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 aftersales service?

• A. Supply chain

• B. Value chain

• C. Business model

• D. Prototype

8. It describes the rationale of how an organization creates, delivers, and captures value in economic, social, cultural or other contexts. What is being described?

• A. Prototype

• B. Product description

• C. Business Model

• D. Suppliers

9. It is an entity that supplies goods and services to another organization. What is it?

• A. Prototype

• B. Product description

• C. Business model

• D. Suppliers

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

• A. Machine

• B. Manpower

• C. Method

• D. Materials