Entrepreneurship Summative Test

Which of the following is NOT one of the 4Ms of operations?

• Manpower

• Machine

• Method

• Money

What does the 'M' in '4Ms' stand for when referring to 'Materials'?

• Machinery

• Manpower

• Materials

• Method

Which 'M' involves the human resources required for operations?

• Method

• Machine

• Materials

• Manpower

What is the primary focus of the 'Method' in the 4Ms?

• The process or technique

• The tools used

• The raw materials

• The workforce

Which 'M' refers to the equipment and technology used in operations?

• Method

• Machine

• Materials

• Manpower

What is the first step in developing a product according to the learning competencies?

• Create a prototype

• Develop a product description

• Test the product prototype

• Validate the service description

Which step involves creating a working model of the product?

• Create a prototype

• Develop a product description

• Test the product prototype

• Validate the service description

What is the purpose of testing the product prototype?

• To develop a product description

• To validate the service description

• To determine market acceptability

• To ensure the prototype works as intended

Which activity involves checking the product's market acceptability with potential customers?

• Create a prototype

• Develop a product description

• Test the product prototype

• Validate the service description

What is the role of selecting potential suppliers in the production process?

• To develop a product description

• To ensure the availability of raw materials

• To create a prototype

• To validate the service description