wayground logo

Free Printable Worksheets

NEW

Font size

S
M
L
XL
Worksheets

Business terms (I love you nicolie)

Total questions: 22

Worksheet time: 11mins

Name
Class
Date
1.

Issuing orders for production to begin

a)

Scheduling

b)

Follow-up

c)

Dispatching

d)

Production process

2.

Determining how products will be produced how much of the product to produce

a)

Process

b)

Scheduling

c)

Dispatching

d)

Planning

3.

The buying of goods and services for a business

a)

Purchasing

b)

Purchase Order

c)

Purchasing Process

d)

Invoice

4.

The economic process or activity of producing goods and services

a)

Operations

b)

Production

c)

Inputs

d)

Outputs

5.

One way of a business can reduce the risk of accidents in the workplace is by providing its employees with:

a)

Safety training

b)

Electronic data interchange (EDI)

c)

Supply manuals

d)

Weight-loss programs

6.

The primary reason that governments develop workplace health and safety regulations is to:

a)

Protect employees from injury and illness

b)

Reduce the risk of employment discrimination

c)

Ensure that employees have access to insurance

d)

Prevent the breach of business information systems

7.

Determing the time table to follow in production

a)

Scheduling

b)

Dispatching

c)

Follow-up

d)

Planning

8.

Which question should be answered by purchasing function?

a)

How can we inform customers of available merchandise?

b)

How much merchandise should we buy?

c)

How will merchandise be shipped to us?

d)

How can we protect merchandise from pilferage?

9.

Which process turn economic resources into goods and services?

a)

Distribution

b)

Marketing

c)

Promotion

d)

Production

10.

What production activity evaluates products to make sure that the products the business produces meet certain quality standards?

a)

Form utility

b)

Automation

c)

Follow-up

d)

Standardization

11.

The first step in maintaining an inventory of supplies for the business is to

a)

Conduct research to find vendors that sell the supplies

b)

Develop a list of supplies that the business needs

c)

Compare prices among vendors

d)

Organize a space to store the supplies

12.

Maintaining an inventory of supplies helps a business to

a)

Establish sales goals

b)

Operate efficiently

c)

Locate vendors

d)

Evaluate processes

13.

An unexpected happening that may result in injury, loss or damage

a)

Compliance

b)

Hazard

c)

Accident

14.

By purchasing just the quantity of supplies that is needed, purchasing can:

a)

Plan a company's cash flow

b)

Provide an uninterrupted flow of supploes

c)

Buy supplies at the lowest possible price

d)

Minimize inventory investment

15.

A federal government agency that writes and enforces safety and health standards for businesses

a)

Occupational Health

b)

Food and Health Administration

c)

Occupational Safety and Health Agency (OSHA)

16.

Which is one of the MOST important components of the production process?

a)

New technology

b)

Goods and services

c)

Human resources

d)

Inputs and outputs

17.

Trey compares the prices offered by different vendors for the same goods and services. Which part of the purchasing process is Trey involved in?

a)

Price fixing

b)

Bid analysis

c)

Invoice payment

d)

Receipt of goods

18.

Potential events or situations that can cause injury or harm to people, property, or the environment

a)

Hazard

b)

Health

c)

Accident

d)

Compliance

19.

Mark owns a small appliance store. He orders 12 refrigerators, 8 stoves, & 4 dishwashers. He purchased the refrigerators for $493.22 each, stoves for $493.22 and the dishwashers for $284.83. WHat is the total cost of the stoves?

a)

$493.22

b)

$3,945.76

c)

$2,278.64

d)

$5,399.84

20.

Some businesses use an automatic reorder system to maintain an adequate:

a)

Budget for expenses

b)

Work environment

c)

Inventory of supplies

21.

Which is a benefit of putting ones goal in writing?

a)

Makes the goals attainable

b)

It clarifies the goal

c)

Develops one's perseverance

d)

Provides a challenge

22.

Which is an example of a short term objectives?

a)

Finishing a six week computer software course

b)

Becoming president of a large corporation

c)

Paying off a twenty-five-year mortage

d)

Becoming fluent in a foreign language