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WorksheetsPOB 4.0 Review Woolf
Total questions: 14
Worksheet time: 7mins
A business can reduce risk by
weight loss programs
safety training
supply manuals
have the manager send out emails
The primary reason Gov't develope workplace health and safety regulations is to:
protect citizens from injury and illness
reduce the risk of employment discrimination
ensure worker's have the ability to get insurance
prevent cyber security issues
Susi wnats yo compare prices from different vendors for the same goods or services. What part of the business process is she part of
Taking anc checking receipts
invoicing the vendors
bid analysis ( Comparing different bids)
price fixing
What question should be answered by the purchasing function of the business?
How can the business inform customers of new merchandise for sale
How much merchandise should the business purchase for resale or raw materials needed.
How will the merchandise be shipped?
How can the product that is purchased be protected from theft.
The first step in maintaining proper inventory of supplies for the business is to:
Find a space where the supplies can be stored
compare prices of the different vendors
develope a list of supplies that the business will need
conduct research to find the best vendors to buy from
A business that wants to purchase just the quantity of supplies needed when purchasing goods they can:
Minimize inventory investments by buying only what is needed for each month
Buy 6 monthes of extra nventory
buy at the lowest cost possible
plan the compamy's cash flow
Some companies will use an automactic recoder system to maintain
an accurate budget for future expense
create a safe environment
Keep anaccurate inventory of current supplies
helps the maintenance department fix machines
Which one of these is an example of a short term objective?
I want to learn to become fluent in a foreign language
I would like to become CEO of a bank in Charlotte, NC
I want to pay off my home mortgage in 15 years
I want to finish with an A in this course in the 2nd term
What is an example of a long term objective?
I want to lose 10 pounds by Christmas
I want to get an A in this class
I want to work to pay of my Credit Card Bill next month
I want to become the President of a frtune 500 company
What is the most important components of the production process?
Human Resources ( Humans or people working in the plant)
goods and services (Sales and Marketing)
new tech ( AI)
inputs and putputs ( Data and accounting)
When making a product like pipe at Charlotte Pipe what process is one of the most if not the most important process in the production process.
automation
quility control and follow-up
trucking
standardization
Why should you put your goals in writing?
provides challenges for reaching goals
makes your goals attainable
does not really matter if you write the goal down
clarifies the goals and it is proven if you do not write down the goal you will not achieve it.
Which process in a business turns economic resources into goods and services?
Trucking (Distribution)
Marketing ( Ads)
Promotion ( Sales)
Poduction ( Creating the product)
A young man in school started selling popular candy that was not in the vending machines at school. He was so successful he needed to add other students to help out with the sales. Which production activity would this step be?
dispatching (Adding sales team)
purchasing (buying)
production (making the candy)
Planning ( making a plan)
