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WorksheetsQuiz on Directing in Management (page 8)
Total questions: 9
Worksheet time: 5mins
What is the primary purpose of inventory control?
To enhance customer satisfaction
To reduce employee turnover
To ensure the right amount of supply is available
To increase production speed
Which of the following is NOT a type of cost mentioned in cost control?
Fixed cost
Variable cost
Semi-variable cost
Dynamic cost
What does production planning involve?
Controlling inventory levels
Anticipating difficulties and planning ahead
Looking back at past production
Analyzing statistical reports
What is the breakeven point?
The point where costs are minimized
The point where production stops
The point where total revenue and total costs are equal
The point where total revenue exceeds total costs
Which of the following is a method of presenting statistical reports?
Oral presentations
Email summaries
Narrative format
Tables, graphs, and charts
What does production control guide?
The hiring process
The marketing strategy
The flow of production
The financial budget of the company
What is the role of statistical analysis in management?
To create marketing strategies
To provide useful information regarding performance
To develop new products
To manage human resources
Which type of cost remains the same regardless of production levels?
Variable cost
Marginal cost
Fixed cost
Semi-variable cost
What does cost control aim to achieve?
Achieve cost effectiveness in business operations
Increase employee satisfaction
Enhance product quality
Expand market reach
