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WorksheetsQuiz on Unit 5
Total questions: 15
Worksheet time: 8mins
Which of the following considers the impact of an organization on the natural environment is known as?
Ecological sustainability
Triple Bottom Line
Economic sustainability
Social sustainability
The ability of an organization or an economy to continue its business activities indefinitely, without jeopardising opportunities for future generations.
Triple Bottom Line
Operation Management
Sustainability
Empowerment
Also known as 'operations management', this refers to the process of organizing resources in order to produce goods and/or provide services.
Marketing
Financial
Human Resources
Production
Elkington’s model of three pillars (aspects) of sustainability that businesses need to consider: social, ecological and economic sustainability (or people, planet and profits).
Ecological
Triple Bottom Line
Social
Economic
Which of the following is a correct statement about operations management?
It is an integral part of an organization's decision making process
It is self-funded and does not need monitoring due to automation
It does not directly affect human resources, marketing and finance.
It is only implemented by using capital (machines and equipment)
Which production method enables firms to benefit from lower production costs due to economies of scale?
Batch production
Cellular production
Flow production
Job production
Which term describes the factors within a firm's own control that enable it to reduce the average costs of production due to an increase in the level of output?
Diversification
Margin of Safety
Internal economies of scale
Nil
Which production method allows workers to operate in teams with a degree of autonomy?
Job production
Batch production
Cellular production
Mass production
Which statement applies to capital-intensive production?
Inexpensive method of production
Highly suited to job production
Requires high level of human resources in the production process
It can enable firms to gain from economies of scale
Which of the following products would be most suited to job production?
IB textbook publisher
Smartphone manufacturer
Wedding photographer
Fruit farmer
Bulk-_____ industries describes the businesses that need to be located near to the ___ materials needed to _____ a certain ____. For example, breweries should locate where there is a readily available supply of barley and water, as the weight of the final _____ is less than that of the raw materials.
reducing, raw, produce, good, output
inducing, raw, produce, servicers, input
reducing, raw, produce, good, input
reducing, raw, produce, servicers, input
Clustering occurs when businesses choose to locate near other firms operating in related industries in order to benefit from passing trade and demand for products in complementary markets.
4
Merging, locate, operating, trading, demand
Clustering, locate, operating, stock, demand
Merging, locate, operating, passing, demand
Clustering, locate, operating, passing, demand
______ organizations refer to businesses do not have to ______ in any particular area, i.e. they can choose to locate almost ______ as there are no cost _______ of any particular location.
Footloose, locate, nowhere, disadvantages
Footflex, locate, everywhere, advantages
Footloose, locate, anywhere, advantages
Footflex, ocate, nowhere, advantages
Government ______ are financial _____ offered by the state to businesses to locate in a particular area or regions, perhaps due to high _______ Examples of such incentives include: grants, subsidies, ____ allowances and ____-free loans.
shares, motivators, employment, grants, interest
incentives, motivators, unemployment, tax, interest
incentives, motivators, unemployment, grants, interest
shares, motivators, unemployment, grants, interest
________ exists when a____ chooses to remain in the same_____ although there are no___ _____ in doing so.
Industrial inertia, business, location, high, disadvantages
Footloose, business, location, cost, disadvantages
Footloose, business, location, cost, advantages
Industrial inertia, business, location, cost, advantages
