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WorksheetsBusiness terms (I love you nicolie)
Total questions: 22
Worksheet time: 11mins
Issuing orders for production to begin
Scheduling
Follow-up
Dispatching
Production process
Determining how products will be produced how much of the product to produce
Process
Scheduling
Dispatching
Planning
The buying of goods and services for a business
Purchasing
Purchase Order
Purchasing Process
Invoice
The economic process or activity of producing goods and services
Operations
Production
Inputs
Outputs
One way of a business can reduce the risk of accidents in the workplace is by providing its employees with:
Safety training
Electronic data interchange (EDI)
Supply manuals
Weight-loss programs
The primary reason that governments develop workplace health and safety regulations is to:
Protect employees from injury and illness
Reduce the risk of employment discrimination
Ensure that employees have access to insurance
Prevent the breach of business information systems
Determing the time table to follow in production
Scheduling
Dispatching
Follow-up
Planning
Which question should be answered by purchasing function?
How can we inform customers of available merchandise?
How much merchandise should we buy?
How will merchandise be shipped to us?
How can we protect merchandise from pilferage?
Which process turn economic resources into goods and services?
Distribution
Marketing
Promotion
Production
What production activity evaluates products to make sure that the products the business produces meet certain quality standards?
Form utility
Automation
Follow-up
Standardization
The first step in maintaining an inventory of supplies for the business is to
Conduct research to find vendors that sell the supplies
Develop a list of supplies that the business needs
Compare prices among vendors
Organize a space to store the supplies
Maintaining an inventory of supplies helps a business to
Establish sales goals
Operate efficiently
Locate vendors
Evaluate processes
An unexpected happening that may result in injury, loss or damage
Compliance
Hazard
Accident
By purchasing just the quantity of supplies that is needed, purchasing can:
Plan a company's cash flow
Provide an uninterrupted flow of supploes
Buy supplies at the lowest possible price
Minimize inventory investment
A federal government agency that writes and enforces safety and health standards for businesses
Occupational Health
Food and Health Administration
Occupational Safety and Health Agency (OSHA)
Which is one of the MOST important components of the production process?
New technology
Goods and services
Human resources
Inputs and outputs
Trey compares the prices offered by different vendors for the same goods and services. Which part of the purchasing process is Trey involved in?
Price fixing
Bid analysis
Invoice payment
Receipt of goods
Potential events or situations that can cause injury or harm to people, property, or the environment
Hazard
Health
Accident
Compliance
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?
$493.22
$3,945.76
$2,278.64
$5,399.84
Some businesses use an automatic reorder system to maintain an adequate:
Budget for expenses
Work environment
Inventory of supplies
Which is a benefit of putting ones goal in writing?
Makes the goals attainable
It clarifies the goal
Develops one's perseverance
Provides a challenge
Which is an example of a short term objectives?
Finishing a six week computer software course
Becoming president of a large corporation
Paying off a twenty-five-year mortage
Becoming fluent in a foreign language
