ENTREP QUIZ Q4

It is the factors involved in the input and the production process.

• 3Ms

• 4Ms

• 5Ms

• 7Ms

It is the human labor force involved in the manufacture of products.

• Manpower

• Machine 

• Method

• Materials

What composes the machine?

• mainly form part of the finished product

• attain and match the most competent and skilled employees

• the process or way of transforming raw materials to finished products.

• manufacturing equipment used in the production of goods or delivery of services

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

• Management

• Manpower

• Method

•  Machine

How does supplier selection takes place?

• firms identify supplier that could give them the ideal payment terms and contracts

• firms decide supplier based on their location and distance from their business

• firms decide the lowest bidder as their suppliers

• firms identify, evaluate, and contract with suppliers

Why does methods should be given careful attention in business?

• It is the "closest companion" of labor in creating products and services.

• It is where the products and finished products started.

• It ensures proper execution thus assuring the consistency of the quality of the product

• It ensures business continuity.

Which question statement does not apply in selecting a supplier?

• Is the quality of materials good?

• Will this equipment make you more successful in the marketplace?

• Can the vendor supply the needed quantity of materials in a reasonable price?

• Does the company have a favorable reputation to deliver on time?

Which of the following pertains to anything used as inputs to production or manufacturing?

• machine

• materials

• manpower

• method

It is considered to be the most vital factor in production. A business entrepreneur must determine, acquire, and match qualified employees with the jobs at the most appropriate period.

• manpower

• machine

• method

• materials

What term refers to the process of acquiring the materials and services to be used in production?

• Supplier Selection

• Procurement

• Inventory Control

• Manpower