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問題一覧
1
Operation of a business are concern for both management and operation managers
True
2
The operation of business _______.
Provide an overview of the organizations activities but can evolve as the organization grows.
3
Which of the following does NOT belong to logistics operation?
Transformational Processes
4
What are the functions in logistics?
All of the above
5
Which of the following does NOT true at challenges in Order fulfillment?
Focus more on selling
6
A repeat customer is a customer who is loyal to the brand.
True
7
The processes involved the production of goods has a limited impact on the profitability of the organization.
False
8
After registering a business entity, a business plan is written to get a loan from the bank.
False
9
Operations of a business are a concern for both management and operation managers
True
10
Transparency within an organization can help in lowering risk of errors but cannot help in making informed decisions
False
11
Business operations refer to day-to-day activities that businesses engage in to increase the value of the enterprise and to earn profits.
True
12
The legal structure of a business determines the tax and liability issues of its owner
True
13
An item that has an intrinsic value but cannot generate income is still considered an asset
False
14
Inputs go through transformation processes to yield outputs.
True
15
Businesses are engaged in commercial activities for profit only.
False
16
Which of the following is TRUE about a partnership?
Partners have equal management rights unless an agreement has been set forth
17
Which of the following is NOT an objective of operations management?
Employee punishment
18
The choice of the legal structure by a business owner should match _______.
the legal, financial and tax responsibilities he is willing to bear
19
A supply chain involves ______.
all the businesses and individuals who contributed towards creating a product, from raw materials to finished merchandises
20
Flow production is ______.
capital intensive as it requires a high proportion of machinery in relation to workers
21
Which of the following is NOT true?
Companies need to establish strategic collaboration among the different stakeholders in their supply chain, as well as maintain appropriate control to minimise risks
22
Which of the following does NOT belong to logistics operations?
Transformation processes
23
Supply chain businesses need to constantly adapt and evolve due to ______.
changing consumer attitudes and demands.
24
During the Covid-19 pandemic, worldwide lockdown measures caused a sharp increase in e-Commerce sales. Which of the following repercussions on logistics is TRUE?
An unexpected substantial demand in shipping led to a price spike in freight rates
25
Which of the following is NOT an input in a production system?
Competition
26
Operating activities are activities ______.
such as the producing and selling of merchandise, administrative and maintenance duties, and the generating of income.
27
In order to maximize outputs and profitability,______.
efficiency must be increased
28
If you were going to start a retail business, which of the following factors should be given priority when planning for a physical facility?
i and iv (Location & Cost of Rental)
29
Intellectual property or IP refers to _______.
rights related to inventions, trade secrets, creative works along with trademarks, copyrights, etc.
30
What is the MAIN reason for every business to have paperwork as an essential operation activity?
To track and document business activities
31
An income statement _______.
tracks the profitability of a business.
32
Which of the following steps is most crucial to the daily operations of any business, whether in the production or provision of goods and services or both?
Establishing a process to monitor the quality of product, production and management of inventory
33
A supply chain is comprised of ______.
all the businesses and individual contributors involved in creating a product, from raw materials to finished merchandise
34
Which of the following factors could have made it more complicated for supply chain providers in the global economic environment?
Difficulty in forecasting demand
35
Transformation processes ________.
changes the physical characteristics of materials, in purpose or form of information
36
Supply chain barriers to trade can result in all the following except ________.
an increased demand for goods internationally
37
The functions of warehousing in logistics operations does NOT include _______.
shipping of merchandise to customers
38
Which of the following would be the most likely reasons that have led to materials scarcity?
Shortage of raw materials coupled with delays in shipment
39
Stock control systems can boost efficiency because ______.
satisfied customers encourage retention.
40
Which of the following statements about quality control is NOT true?
Quality control does not ensure the continual and consistent measure of results.
41
Job production is suited to the manufacture of ______.
handmade items like clothing and shoes.
42
Another term for stock control is ______.
inventory control
43
Bee Wool Ltd. is a ______ of good quality wool.
manufacturer
44
In terms of logistics, Bee Wool Ltd. had to find ways manage the movement of ______.
Inventory
45
The total expected value for the first year in export sales was ______.
USD 2,400,000.00
46
Upon obtaining customers' feedback on export sales, the Export Manager realized there were issues pertaining to ______.
logistics
47
Which of the following were NOT identified as an issue in terms of logistics in the case above?
Salary Cut for Logistics Staff
48
If 1 batch can produce 50 loaves of bread, how many batches would it take to produce 220 loaves of bread?
5
49
How long does it take to prepare 1 batch of dough before baking it?
1 hour 25 mins
50
What is the abbreviation of Final Product based on the chart above?
FP
51
Which process will come right before the bread is deemed as Final Product?
Baking
52
In hiring of employees, a lean business should _______.
hire people only in the key functions and use part-time and "as needed" staff for other positions.
53
All businesses produce goods and sell services.
False
54
Operations management is applicable ______.
to manufacturing and service sectors.