POB Unit 4
Quiz by Jeanette Clark
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29 questions
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- Q1The primary reason that governments develop workplace health and safety regulations is to:protect employees from injury and illness.prevent the breach of business information systems.ensure that employees have access to insurance.reduce the risk of employment discrimination.30s
- Q2One way a business can reduce the risk of accidents in the workplace is by providing its employees with:supply manuals.weight-loss programs.safety training.electronic data interchange (EDI).30s
- Q3Primetime Incorporated is a retailer of sporting gear. It sells 500 pairs of a specific Nike sneaker each day. Nike, the supplier, takes a week (7 days) to deliver the order. For what quantity should the inventory manager place his/her next order?3,500 units350 units72 units3,000 units30s
- Q4Which question should be answered by the purchasing function?How can we inform customers of available merchandise?How will merchandise be shipped to us?How can we protect merchandise from pilferage?How much merchandise should we buy?30s
- Q5Trey compares the prices offered by different vendors for the same goods and services. Which part of the purchasing process is Trey involved in?price fixingreceipt of goodsbid analysisinvoice payment30s
- Q6Some businesses use an automatic reorder system to maintain an adequate:inventory of supplies.work environment.budget for expenses.maintenance system.30s
- Q7The first step in maintaining an inventory of supplies for the business is to:develop a list of supplies that the business needs.conduct research to find vendors that sell the supplies.organize a space to store the supplies.compare prices among vendors.30s
- Q8Maintaining an inventory of supplies helps a business to:evaluate processes.locate vendors.establish sales goals.operate efficiently.30s
- Q9Mark, who owns a small home-appliance store, is in the process of placing an order for 12 refrigerators, 8 stoves, and 4 portable dishwashers. Mark is purchasing the refrigerators for $674.98 each, the stoves for $493.22 each, and the portable dishwashers for $284.83 each. What is the total cost of the stoves that Mark is purchasing?$493.22$3,945.76$2,278.64$5,399.8430s
- Q10By purchasing just the quantity of supplies that is needed, purchasing can:provide an uninterrupted flow of supplies.plan the company's cash flow.minimize inventory investment.buy supplies at the lowest possible price.30s
- Q11What is one of the most important components of the production process?human resourcesinputs and outputsnew technologygoods and services30s
- Q12Which processes turn economic resources into goods and services?marketingpromotiondistributionproduction30s
- Q13Which is a benefit of putting one's goals in writing?clarifies the goalsdevelops one's perseveranceprovides a challengemakes the goals attainable30s
- Q14Which is a example of a short-term objective?paying off a twenty-five-year mortgagebecoming president of a large corporationfinishing a six-week computer software coursebecoming fluent in a foreign language30s
- Q15Jessie is designing a new style of bracelet to sell at school to raise money for FBLA. She has sold so many bracelets that she has assigned other members of FBLA to assist her in making the bracelets. Which production activity step is this?dispatchingproductionplanningpurchasing30s