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WorksheetsPOB 4.01
Total questions: 15
Worksheet time: 8mins
The primary reason that governments develop workplace health and safety regulations is to:
prevent the breach of business information systems.
ensure that employees have access to insurance.
reduce the risk of employment discrimination.
protect employees from injury and illness.
One way a business can reduce the risk of accidents in the workplace is by providing its employees with:
electronic data interchange (EDI).
safety training.
supply manuals.
weight-loss programs.
Mark, who owns a small home-appliance store, is in the process of placing an order for 12 refrigerators, 8 stoves, and 4 portable dishwashers. Mark is purchasing the refrigerators for $674.98 each, the stoves for $493.22 each, and the portable dishwashers for $284.83 each. What is the total cost of the stoves that Mark is purchasing?
$2,278.64
$493.22
$3,945.76
$5,399.84
Some businesses use an automatic reorder system to maintain an adequate:
budget for expenses.
work environment.
inventory of supplies.
maintenance system.
Maintaining an inventory of supplies helps a business to:
establish sales goals.
operate efficiently.
locate vendors.
evaluate processes.
Primetime Incorporated is a retailer of sporting gear. It sells 500 pairs of a specific Nike sneaker each day. Nike, the supplier, takes a week (7 days) to deliver the order. For what quantity should the inventory manager place his/her next order?
72 units
350 units
3,000 units
3,500 units
Which question should be answered by the 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?
By purchasing just the quantity of supplies that is needed, purchasing can:
plan the company's cash flow.
provide an uninterrupted flow of supplies.
buy supplies at the lowest possible price.
minimize inventory investment.
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.
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
Which processes turn economic resources into goods and services?
distribution
marketing
promotion
production
Which is a example of a short-term objective?
becoming president of a large corporation
paying off a twenty-five-year mortgage
finishing a six-week computer software course
becoming fluent in a foreign language
Which is a benefit of putting one's goals in writing?
makes the goals attainable
develops one's perseverance
clarifies the goals
provides a challenge
What is one of the most important components of the production process?
new technology
goods and services
human resources
inputs and outputs
What production activity evaluates products to make sure that the products the business produces meet certain quality standards?
form utility
automation
follow-up
standardization
