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WorksheetsUnit 8-G140's
Total questions: 43
Worksheet time: 22mins
Business resources are:
Anything and everything that helps a company operate and do business.
Human, financial, physical, and knowledge factors that provide a firm the means to perform its business processes
Anything that is used to perform the functions of an organisation.
All of the above.
Physical resources include:
A. Buildings and manufacturing equipment.
B. Office furniture.
C. Knowledge of a company's staff.
D. A&B
Financial resources encompass any source of revenue a company has including:
Sales.
Loans
Investments
All of the above.
Human resources include:
Reputation and brands.
Knowledge and skills of a company's workforce.
Factories and machines
None of the above
Raw materials are:
A. Materials used in the primary production or manufacturing of goods.
B. Any material in its natural condition, before it has been processed for use
C. A&B
D. None of the above
Airports, train stations, and bus terminals are examples of:
Transportation facilities.
Education facilities.
Health care facilities.
Commercial & residential facilities.
Patents, trademarks, reputation and copyrights are examples of:
A. Tangible resources.
B. Intangible resources.
C. Human resources.
D. A&B
Physical resources are examples of:
Tangible resources.
Intangible resources.
Human resources.
None of the above
The organizational requirements may be found in:
The vision, mission, and goals
Organisational objectives
Policy and procedures
All of the above.
Physical resources include:
A. Buildings and manufacturing equipment.
B. Office furniture.
C. Loans.
D. A&B
Business resources can be:
Limited
Difficult to obtain
Expensive.
All of the above.
Expert judgement’ is based on:
The experience of one or more experts on the particular activity.
What If Analysis
Cost-Benefit Analysis
None of the above
Guestimate’ must be based on:
Good information and be as reliable as possible.
Experience of one or more experts on the particular activity
Cost-Benefit Analysis
None of the above
Examples of physical resources are:
Marketing facilities.
Production facilities.
Information technology including hardware and software.
All of the above
Goodwill, brands, reputation and intellectual property are examples of:
A. Tangible resources
B. Intangible resources.
C. Human resources.
D. A&B
Laws and Codes of Practice are:
A. Requirements come from outside the organisation
B. Requirements come from inside the organisation
C. A&B
D. None of the above
When you provide advice to your manager on business resources, ensure your advice is:
Clear
Concise
Relevant to the organisational needs.
All of the above
When giving advice on business resources always remember:
Don’t give advice too soon
Don’t talk too long
Be forceful
A&B
When giving advice on business resources DO NOT :
Be forceful
Ask many questions
Provide a disclaimer
Observe their reactions carefully
Many organizations always require from preferred suppliers:
A minimum of three quotes for purchases.
A minimum of two quotes for purchases.
A minimum of one quotes for purchases.
None of the above.
Purchases from suppliers may be restricted to a dollar amount. Anything over a given amount will need to be approved by:
A. Manager
B. Finance department.
C. Supplier
D. A&B
The supplier will value most:
Immediate payment
Larger volume purchases
A commitment to repeat orders
All of the above
Define what the supplier can offer that you value. This may include:
Availability
Quality
After-sales service or flexible payment terms
All of the above
Identify several suppliers you believe can offer the best service you need. Compare them in terms of:
Product suitability & reliability
Reputation
Quality and flexibility of service
All of the above
Compare the preferred suppliers you believe offer the best service you need in terms of:
Location and ease of communication
Speed and frequency of delivery
Price range and order size.
All of the above.
Efficient and effective use of resources can:
Make a project
Break a project.
Make or break a project
\None of the above
Business resources are the
Economic factors required to accomplish an activity.
Productive factors required to accomplish an activity.
Means to undertake an enterprise and achieve a desired outcome.
All of the above.
As you provide the advice to the managers, add a disclaimer in your comments such as,
A. “Your setup differs from mine and this may not even help, but here is what I would try”.
B. “This may not be true for you, but I have done this…”
C. “Am I even close to understanding your issues?”
D. A&B
If your manager appears to be rejecting your advice, then you
A. Can continue to offer more
B. May want to stop talking
C. May ask more questions
D. B&C
Once you selected your preferred suppliers and requested quotations for supply, you should
A. Choose the one that best meets your needs other than the number of dollars.
B. Choose the ‘best’ one to receive the actual order.
C. Choose the one who offers the cheapest price because the cheapest always the best.
D. A&B
For a healthy long-term relationship with the suppliers, you should
Not negotiate too hard a price at the expense of quality.
Negotiate too hard a price at the expense of quality.
Sometimes negotiate too hard a price at the expense of quality.
None of the above.
Which of the following statements can apply to “Build Supplier Relations”?
Don’t keep them up to date with your needs.
Build a relationship of trust.
Don’t ask for their views and ideas.
All of the above
Which of the following statements can apply to “Build Partnerships with Regular Suppliers”?
A. Visit suppliers and get to know the people who deal with your account.
B. Invite regular suppliers to meetings and keep them informed.
C. A&B
D. None of the above
Which of the following statements can apply to “Build Rapport with the Seller”?
Get to know someone before serious negotiations start.
Make it easy for your opposite number.
Find out what information they need to be able to justify the deal.
All of the above
Organisations usually have an intention that business resources will be
Attained in a particular way.
Used in a particular way.
Maintained in a particular way
All of the above
Acquisition and storage of business resources must be in accordance with
Organisational requirements
Cost effective
Consistent with organisational timelines
All of the above
Resources must be available as needed
Not too long before use
Not after they are required.
A&B
D. None of the above
Organisations have an intention that resources will be attained, used, and maintained in a particular way called
Organisational requirements.
Organisational policies & procedures
Organisational guidelines
Organisational objectives.
It is a ______cost to the organisation if processes have to stop because there is _____ resource.
Great, inadequate
Least, inadequate
Great, an effective
Least, an effective
The tender process requires
A. A supplier to contact an organisation
B. The organisation to contact the supplier
C. A&B
D. None of the above
Which of the following statements can apply to “The Non-Tender Process”?
It involves the organisation contacting the supplier.
It includes using a purchase order form or asking for quotes from a number of suppliers.
It includes products that have been discounted or equipment leased for a short period of time.
All of the above
Tendered Process is the process of issuing
A ‘Request for Information’, ‘Request for Proposal’, and a ‘Supplier Contract’ to select and contract a preferred supplier to a project.
A ‘Request for Information’, and a ‘Supplier Contract’ to select and contract a preferred supplier to a project.
A ‘Request for Information’, and a ‘Request for Proposal’
None of the above
Modern technology can make much of the time-consuming work of monitoring resources easier. It is common for organisations to employ:
Computers & computer applications
Modems
Photocopiers
All of the above
