BE 4.02 Operations Management
Quiz by LaToya Alston
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- Q1
All the stock that a business has on hand.
Inventory
Inventory Control
20s - Q2
A business’s net income; the decisive point.
Money that is left after all expenses have been paid.
Bottom Line
20s - Q3
The money it takes to keep inventory in stock.
Bottom line
Holding cost
20s - Q4
In the operations function—resources that are utilized.
Outputs
Inputs
20s - Q5
Tracking the amount, the kind, and the value of inventory that a business has on hand.
Inventory Control
Routing
20s - Q6
Refers to managing the flow of goods and services from production to consumption.
Operations
Logistics
20s - Q7
The day-to-day activities for continued business functioning.
Operations
Scheduling
20s - Q8
In the operations function - goods or services.
Outputs
Inputs
20s - Q9
The buying of goods and services for a business.
Routing
Purchasing/Procurement
20s - Q10
Ensuring the degree of excellence of a good or service.
Quality control
Quality assurance
20s - Q11
The production activity that determines the sequence of the steps in the production process.
Routing
Scheduling
20s - Q12
The production activity that establishes the timetable to be followed in production.
Planning
Scheduling
Timing
20s - Q13
In the production process, determining when materials will arrive at a certain destination and how long they will stay there.
Routing
Timing
Scheduling
20s