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29 questions
In which part of a SMART goal would one track progress towards his / her outcome?
specific
measurable
realistic
timely
Doug is 18 years old and has decided to run for president when he turns 35. He has set which type of goal?
long - term
short - term
unattainable
unrealistic
In the decision - making process, which step occurs AFTER the need is determined?
acting on the decision
considering the choices
gathering the information
making a decision
Several employees are facing the possibility of being laid off from work. By concluding that they should look for new jobs before that happens, they are:
solving problems
doing research
asking questions
gathering information
After an employee collects the necessary facts, what is the next step that an employee should take to solve a problem?
analyze the information
define the problem
act on assumptions
make a decision
Employees who have innovation skills are able to :
socialize effectively
behave aggressively
react to problems
think in new ways
The newly redesigned Toyota Corolla is an example of :
product innovation
process innovation
position innovation
paradigm innovation
An important problem - solving skill for individuals to have is the ability to be :
aggressive
objective
economical
judgemental
Shannon's best friend has been excluding her lately. They were supposed to go shopping together, but her friend called and cancelled. Shannon is upset about it. This an example of which type of problem?
peer
work
school
professional
Which is an internal factor that might influence a business owner's decision making?
opinions of others
competitors' activities
comfort with risk
market share
Which type of innovation occurs when the new product is released to the public?
paradigm
position
product
process
When Delores is finding solutions for obstacles at her job, she is:
decision - making
inventing
innovating
problem - solving
A paradigm innovation occurs when :
major shifts in thinking cause change
processes are being improved to generate benefits
the product is. marketed in a different way
there are improvements on the product
One way a business can reduce the risk of accidents in the workplace is by providing its employees with:
safety training
electronic data interchange (EDI)
supply manuals
weight-loss programs
The primary reason that governments develop workplace health and saftey regulations is to:
protect employees from injury and illness
reduce the risk of employment discrimination
ensure that employees have access to insurance
prevent the breach of business information system
Trey compares the prices offered by different vendors for the same goods and services. Witch part of the purchasing process is Trey involved in?
price fixing
bid analysis
invoice payment
receipt of goods
Mark who owns a small home-appliance, is in the process of an order of 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 $284.38 each. What is the total cost of the stoves mark is purchasing?
$493.22
$3,947.76
$2.278.64
$5,399.84
Witch question should be answered by the purchasing function?
How can we inform customers of available merchandise?
How much merchandise should we by?
How will merchandise be shipped to us?
How can we protect merchandise from pilferage?
The first step in maintaining an inventory of supplies for the business is to:
conduct research to find vendors that sell the supplies
develop a list of supplies that the business needs
compare prices among vendors.
organize a space to store the supplies
By purchasing just the quantity of supplies that is needed, purchasing can:
plan the company's cash flow
provide an uninterrupted flow of supplies
buy supplies at the lowest possible price
minimize inventory investments
Maintaining an inventory of supplies helps a business to:
establish sales goals
operate efficiency
locate vendors
evaluate processes
some business use an automatic reorder system to maintain an adequete:
budget for expenses
work environment
inventory of supplies
maintenance systems
Primetime incorporated is a retailer of sporting gear. it sells 500 pairs of specific Nike sneakers 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?
72 units
350 units
3000 units
3500 units
What is one of the most important components of the production process?
new technology
goods and services
human recourses
inputs and outputs
What production activity evaluates products to make sure that the products the business produces meet the certain quality standard
form utility
automation
follow-up
standardization
Witch is an example of short-term objective
becoming president of a large corporation
paying of twenty-five-year mortgage
finishing a six-week computer software service.
becoming fluent in a foreign language
Witch is a benefit of putting ones goals in writing?
makes the goal attainable
develops one perseverance
clarifies the goals
provides a change
Witch process turn economic recourses into goods and services?
distribution
marketing
promotion
production
jessie is designing a new style of bracelet to ell at school to raise money for FBLA. She has sold so many that she has assigned other members
planning
purchasing
production
dispatch
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