Inventory and Operations Quiz

What is inventory in business?

• Only work in progress

• Stock of goods and materials

• Only raw materials

• Only finished products

Which type of inventory includes items used to make products?

• Finished Goods

• Raw Materials

• Work In-Progress

• None of the above

What are finished goods?

• Raw materials

• Items in progress

• Items being made

• Products sold to customers

What is an example of raw materials in Leena's pickle business?

• Pickles in bottles

• Cut mangoes

• Oil and raw mangoes

• Spices only

In Kanku's grocery shop, what is considered work in progress?

• Finished sugar

• Packaged rice

• Goods that need packaging

• Loose quantities of wheat

What is an example of finished goods in Namita's beauty parlour?

• Soaps

• Delivered services

• Shampoo

• Hair dye

What does 'operations' mean in business?

• Making products only

• All activities to make business work smoothly

• Only purchasing materials

• Only selling products

What is the first step in Leena's operations for making pickles?

• Purchasing raw material

• Packaging the product

• Making the product

• Distributing the product

What does Kanku do before buying sugar?

• Packages the sugar

• Goes to the market

• Checks her current stock

• Makes a list of items

What is one of Namita's activities for capacity planning?

• Scheduling her work hours

• Cleaning the shop

• Buying raw materials

• Delivering services