Business Operations Quiz

Which process combines the raw materials and that will be transforned into new products?

• Method

• Materials

• Manpower

• Machine

Which entrepreneurial process controls the implementation of a business plan to achieve a successful business?

• Operations Management

• Marketing

• Financial Management

• Production

Which 4Ms of Operations chooses the right human resources who will handle certain business operation?

• Method

• Manpower

• Materials

• Machine

Which part of the business plan describes the company's desires that achieve the long-run plan, generally in a time frame of five to ten years, or sometimes even longer?

• Vision

• Introduction

• Goals

• Mission

The following are parts of a business plan, EXCEPT?

• Introduction

• Business Proponents

• Prototype

• The Enterprise Delivery System

What written document describes how a business is going to achieve its goals?

• Business Plan

• Management Plan

• Financial Plan

• Marketing Plan

Which business ownership is considered as the simplest and easiest enterprise to organize?

• Corporation

• Franchising

• Partnership

• Sole Proprietorship

The following are clearances that must be obtained to secure a mayor's permit or municipal license before starting a business, EXCEPT;

• Barangay Clearance

• Fire Safety Clearance

• Certificate of Occupancy

• Income Tax Return

Which business ownership consists of two or more persons that binds together into a contract to contribute mnoney, property, and expertise in a business?

• Corporation

• Franchising

• Partnership

• Sole Proprietorship

What is the other word for a for-profit business or company, but it is often associated with entrepreneurial ventures?

• Benchmark

• Corporation

• Enterprise

• Franchise