4.02 Business Essentials
Quiz by Jeanette Clark
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13 questions
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- Q1a business's net income; the decisive pointbottom line30s
- Q2the money it takes to keep inventory in stockholding cost30s
- Q3in the operations function - resources utilizedinputs30s
- Q4all the stock that a business has on handinventory30s
- Q5tracking the amount, the kind, and the value of inventory that a business has on handinventory control30s
- Q6refers to managing the flow of goods and services from production to consumptionlogistics30s
- Q7the day-to-day activities for continued business functioningoperations30s
- Q8in the operations function - goods or servicesoutputs30s
- Q9the buying of goods and services for a businesspurchasing30s
- Q10ensuring the degree of excellence of a good or servicequality control30s
- Q11the production activity that determines the sequence of the steps in the production processrouting30s
- Q12the production activity that establishes the timetable to be followed in productionscheduling30s
- Q13In the production process, determining when materials will arrive at a certain destination and how long they will stay theretiming30s