Entrepreneurship (Final Examination)

Which of the following refers to the human workforce involved in the production of goods?

• Materials

• Method

• Machine

• Manpower

The 4M's of production are as follows except for one.

• Management

• Manpower

• Method

• Machine

Which of the following refers to the marketing copy that explains what a product is and why it should be purchased?

• Prototype

• Product description

• Business Model

• Suppliers

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

• Input

• Supplies

• Output

• Materials

This is a replica of a product.

• Prototype

• Product description

• Business Model

• Suppliers

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

• Supply chain

• Value chain

• Business model

• Prototype

Which of the following is the process or activity where a company adds value to an item, including production, marketing, and providing after-sales service?

• Supply chain

• Value chain

• Business model

• Prototype

This describes the rationale of how an organization creates, delivers, and captures value in an economic, social, cultural, or other context.

• Prototype

• Product description

• Business Model

• Suppliers

This is an entity that provides goods and services to other organizations.

• Prototype

• Product description

• Business Model

• Suppliers

Which of the following refers to the manufacturing equipment used in the production of goods or the provision of services?

• Machine

• Manpower

• Method

• Materials