WorksheetsBusiness Essentials - 4.02 key Terms
Total questions: 13
Worksheet time: 7mins
What is a business’s net income; the decisive point?
Bottom Line
Holding Cost
Inputs
Inventory
Holding cost is money it takes to keep inventory in
Marketing
Stock
Route.
Production.
Another word for resources is
Marketing
Output
Input
Purchasing
Inventory is considered
items in production
items in a route to customer
items to buy
items in hand.
Tracking the amount, the kind, and the value of inventory that a business has on hand is known as
Timing
Purchasing
Output
Inventory Control
Logistics refers to managing the flow of what?
Finances
Operations
Goods and Services
Materials
What is the day-to-day activities for continued business functioning
Bottom Line
Scheduling
Output
Operations
Output is the operations function, goods, or
product
services
financing
control
Purchasing is the act of
buying goods and services for a business
selling goods and services for a business
negotiating goods and services for a business
trading goods and services for a business
What position is known for ensuring the degree of excellence of a product
Quality Control
Operation Management
Customer Relations
Accounting
What is the production activity that determines the sequence of the steps in the production process
Scheduling
Purchasing
Bottom Line
Routing
What is the production activity that establishes the timetable to be followed in production
Routing
Scheduling
Timing
Purchasing
In production process, determining when materials will arrive at a certain destination and how long they will stay there is known as
Routing
Scheduling
Timing
Output
