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4.02 Key terms-2

Total questions: 11

Worksheet time: 6mins

Name
Class
Date
1.

Bottom Line:

a)

The last straw

b)

A business net income; the decisive point

c)

A answer to a problem

d)

The buying of goods or servisces

2.

Holding cost

a)

The money it takes to keep inventory in stock

b)

Holding money in a account

c)

Holding stocks in a profile

d)

Holding value in a products shares

3.

Inputs

a)

Products

b)

Resources

c)

Presentations

d)

Information Input

4.

Inventory

a)

Fortnite

b)

Apaars backpack

c)

What drops when you die in minecraft

d)

All the stock that a business has on hand

5.

Inventory Control

a)

Piece control

b)

Costco wholesale product distribution

c)

Tracking the amount, the kind, and the value of inventory that a business has on hand

d)

Managing your inventory

6.

Logistics

a)

Refers to managing the flow of goods and services from production to consumption

b)

Statistics

c)

Logitech 3

d)

Logging in

7.

Operations

a)

The day to day activities for continued business functioning

b)

runnin from the opps

c)

PEMDAS

8.

Outputs

a)

Export

b)

Inport

c)

In the operations function goods or services

d)

inputs

9.

Purchasing

a)

Not overspending on a budget given by the ceo

b)

Net income for big businesses

c)

The buying of goods and services for a business

d)

in the production process determining when materials will arrive at a certain time

10.

Quality Control

a)

Makings sure the product doesn't work for its intended purpose

b)

Ensuring the degree of excellence of a good or a service

c)

Not double checking the product

d)

Spending time with family and friends

11.

Routing

a)

Driving while needing assistance

b)

Putting a destination on the GPS to get where you need to

c)

The production activity that determines the sequence of the steps in the production process

d)

Mapping out a route to get to your destination