CO2- STEM12_4th quarter

1. Factors related to employees, skills, training, motivation, etc.

• MANPOWER

• MACHINE

• MATERIAL

• METHOD

2. Issues with equipment, maintenance, calibration, breakdowns,etc.

• MANPOWER

• MACHINE

• MATERIAL

• METHOD

3. Problems with raw materials, quality, storage, transportation, etc.

• MANPOWER

• MACHINE

• MATERIAL

• METHOD

4. Process flaws, lack of standardization, unclear instructions, etc.

• MANPOWER

• MACHINE

• MATERIAL

• METHOD

Test II.

1. Identify the  4Ms of operations by choosing the option that lists all four correctly

• A. Manpower, Machine, Money, Material

• B. Manpower, Machine, Material, Method

• C. Machine, Material, Method, Management

• D. Money, Machine, Material, Method

}2. Which of the following statements BEST describes the importance of the 4Ms of operations in a business?

• A. The 4Ms are independent factors that can be optimized individually to improve business performance.
  

• B. The 4Ms are interconnected elements that must work together effectively to achieve business goals.
  

• C. The 4Ms are primarily concerned with reducing costs and increasing efficiency, regardless of other business objectives.
  

• }D. The 4Ms are only relevant to manufacturing businesses and not applicable to service industries.

  }

}3. Which of the following BEST describes the importance of profit in business operations?

• A. Profit is the primary goal of all businesses, and everything else is secondary.
  

• B. Profit is essential for a business to survive, grow, and invest in its future.
  

• C. Profit is only important for large corporations and not for small businesses.
  

• }D. Profit is a measure of success, but it is not the only factor that matters in business.