ENTREP QUIZ Q4
Quiz
•
Financial Education
•
12th Grade
•
Medium

Maribel Personal
Used 12+ times
FREE Resource
48 questions
Show all answers
1.
MULTIPLE CHOICE QUESTION
45 sec • 1 pt
It is the factors involved in the input and the production process.
3Ms
4Ms
5Ms
7Ms
2.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
It is the human labor force involved in the manufacture of products.
Manpower
Machine
Method
Materials
3.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What composes the machine?
mainly form part of the finished product
attain and match the most competent and skilled employees
the process or way of transforming raw materials to finished products.
manufacturing equipment used in the production of goods or delivery of services
4.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
The 4M’s of production are as follows except ONE. Which one is it?
Management
Manpower
Method
Machine
5.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
How does supplier selection takes place?
firms identify supplier that could give them the ideal payment terms and contracts
firms decide supplier based on their location and distance from their business
firms decide the lowest bidder as their suppliers
firms identify, evaluate, and contract with suppliers
6.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Why does methods should be given careful attention in business?
It is the "closest companion" of labor in creating products and services.
It is where the products and finished products started.
It ensures proper execution thus assuring the consistency of the quality of the product
It ensures business continuity.
7.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Which question statement does not apply in selecting a supplier?
Is the quality of materials good?
Will this equipment make you more successful in the marketplace?
Can the vendor supply the needed quantity of materials in a reasonable price?
Does the company have a favorable reputation to deliver on time?
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