Group 8

Group 8

1st - 2nd Grade

5 Qs

quiz-placeholder

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Group 8

Group 8

Assessment

Quiz

Professional Development, Other

1st - 2nd Grade

Practice Problem

Hard

Created by

YNB Adonis

Used 9+ times

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5 questions

Show all answers

1.

MULTIPLE CHOICE QUESTION

45 sec • 1 pt

What a company hopes to be in the future, and a clarification of its purpose can be referred to as what?

Objective

Mission statement

Vision

Company growth projection

2.

MULTIPLE CHOICE QUESTION

45 sec • 1 pt

A clothing company contacts its suppliers to deliver materials only when its production sites are ready to use them. What do we call this scenario?

Waste no time scheduling

Supply chain maximization

On time delivery

Just in time scheduling

3.

MULTIPLE CHOICE QUESTION

45 sec • 1 pt

What best describes strategic planning?

Long-term action directions

daily strategies

goals

None of the above

4.

MULTIPLE CHOICE QUESTION

45 sec • 1 pt

Where is the break-even point?

Revenue = Cost

Profit > Loss

Revenue > Cost

Profit = Cost

5.

MULTIPLE CHOICE QUESTION

45 sec • 1 pt

Select one option that is not associated with inventory control

Routing items to workstations just in time for use

Returning excess inventory back to suppliers

Ensuring inventory is only large enough to meet immediate needs

Requesting new orders when inventory levels fall to predetermined points

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