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WorksheetsPoBMF - Chapter 8 - Production of Goods Test
Total questions: 25
Worksheet time: 13mins
The area of management responsible for the activities necessary to produce goods and services.
Finance
Marketing
Operations
Human Resources
What are the four functions of business?
Finance, Management, Marketing, Production
Finance, Management, Training, Production
Operations, Management, Marketing, Production
Finance, Management, Marketing, Advertising
How do companies increase worker productivity
custom manufacturing
materials processing
division of labor
mass production
The specialization of individuals who perform specific tasks
custom manufacturing
mass production
division of labor
teamwork
Mass production is .........
the manufacturing of goods in large quantities using standard techniques
converting resources to a product that fits the specifications of a particular customer.
the process of changing and improving resources to create goods or services.
changing the form of raw materials for another use.
Finding suppliers of materials needed for the production of a product.
Purchasing
Sourcing
Supplying
Researching
Individuals responsible for sourcing and buying materials needed for producing goods and services.
Sorcerers
Sourcers
Purchasing agents
Suppliers
Area of management involved in ordering goods, receiving them into stock and paying vendors.
Human resource
Inventory
Operations
Marketing
Unifinished product in a company's inventory is known as.....
Work in process inventory
Direct materials inventory
Finished goods inventory
Just Inventory
JIT is know as which TWO of the following
Just in time inventory
the activity of checking products as the are produced or received
keeping a minimal amount of raw materials on hand to meet production needs
taking physical count of merchandise at regular periods
The activity of checking products as they as produced or received to ensure the quality meets expectations.
purchasing
sourcing
quality control
inventory check
The series of stages a product goes through from its beginning to end.
Product planning
Product life cycle
Production
4 P's
The production cycle is a recurring set of business activities and related data processing operations associated with the manufacture of products. What is its second step?
Product design
Production operations
Cost accounting
Planning and scheduling
Factories _____ goods, often using an assembly line.
mass-produce
partially produce
rarely produce
Standardized and interchangeable parts are______.
similar
not alike
exactly alike
On an assembly line, ____ is divided into steps.
work space
production
printing
Because companies are in business to make a profit, they try to_____ their production costs.
increase
maintain
reduce
Business __________ is the activity of acquiring materials, supplies, or services that are needed to produce a product
Purchasing
Distribution
Planning
Inventory Management
Making sure that quality remains high during manufacturing is called ______.
fix control
quality control
manufacturing control
The process of deciding which products will be most strategic for the organization to produce.
Conversion
Supplier
Product planning
Inventory
Marketing an existing product in a new way to create a new opinion or view of the product in the minds of customers to increase sales.
Repositioning
Mass production
Test marketing
Product Planning
Introduction of a new product to a small portion of the target market to learn how it will sell.
Converting
Sourcing
Test marketing
Repositioning
