REVISION - CA3 Fundamental of Business Operation

54問 • 1年前

Jay Jayel

通報

問題一覧

Operation of a business are concern for both management and operation managers

True

The operation of business _______.

Provide an overview of the organizations activities but can evolve as the organization grows.

Which of the following does NOT belong to logistics operation?

Transformational Processes

What are the functions in logistics?

All of the above

Which of the following does NOT true at challenges in Order fulfillment?

Focus more on selling

A repeat customer is a customer who is loyal to the brand.

True

The processes involved the production of goods has a limited impact on the profitability of the organization.

False

After registering a business entity, a business plan is written to get a loan from the bank.

False

Operations of a business are a concern for both management and operation managers

True

Transparency within an organization can help in lowering risk of errors but cannot help in making informed decisions

False

Business operations refer to day-to-day activities that businesses engage in to increase the value of the enterprise and to earn profits.

True

The legal structure of a business determines the tax and liability issues of its owner

True

An item that has an intrinsic value but cannot generate income is still considered an asset

False

Inputs go through transformation processes to yield outputs.

True

Businesses are engaged in commercial activities for profit only.

False

Which of the following is TRUE about a partnership?

Partners have equal management rights unless an agreement has been set forth

Which of the following is NOT an objective of operations management?

Employee punishment

The choice of the legal structure by a business owner should match _______.

the legal, financial and tax responsibilities he is willing to bear

A supply chain involves ______.

all the businesses and individuals who contributed towards creating a product, from raw materials to finished merchandises

Flow production is ______.

capital intensive as it requires a high proportion of machinery in relation to workers

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

Which of the following does NOT belong to logistics operations?

Transformation processes

Supply chain businesses need to constantly adapt and evolve due to ______.

changing consumer attitudes and demands.

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

Which of the following is NOT an input in a production system?

Competition

Operating activities are activities ______.

such as the producing and selling of merchandise, administrative and maintenance duties, and the generating of income.

In order to maximize outputs and profitability,______.

efficiency must be increased

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)

Intellectual property or IP refers to _______.

rights related to inventions, trade secrets, creative works along with trademarks, copyrights, etc.

What is the MAIN reason for every business to have paperwork as an essential operation activity?

To track and document business activities

An income statement _______.

tracks the profitability of a business.

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

A supply chain is comprised of ______.

all the businesses and individual contributors involved in creating a product, from raw materials to finished merchandise

Which of the following factors could have made it more complicated for supply chain providers in the global economic environment?

Difficulty in forecasting demand

Transformation processes ________.

changes the physical characteristics of materials, in purpose or form of information

Supply chain barriers to trade can result in all the following except ________.

an increased demand for goods internationally

The functions of warehousing in logistics operations does NOT include _______.

shipping of merchandise to customers

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

Stock control systems can boost efficiency because ______.

satisfied customers encourage retention.

Which of the following statements about quality control is NOT true?

Quality control does not ensure the continual and consistent measure of results.

Job production is suited to the manufacture of ______.

handmade items like clothing and shoes.

Another term for stock control is ______.

inventory control

Bee Wool Ltd. is a ______ of good quality wool.

manufacturer

In terms of logistics, Bee Wool Ltd. had to find ways manage the movement of ______.

Inventory

The total expected value for the first year in export sales was ______.

USD 2,400,000.00

Upon obtaining customers' feedback on export sales, the Export Manager realized there were issues pertaining to ______.

logistics

Which of the following were NOT identified as an issue in terms of logistics in the case above?

Salary Cut for Logistics Staff

If 1 batch can produce 50 loaves of bread, how many batches would it take to produce 220 loaves of bread?

How long does it take to prepare 1 batch of dough before baking it?

1 hour 25 mins

What is the abbreviation of Final Product based on the chart above?

Which process will come right before the bread is deemed as Final Product?

Baking

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.

All businesses produce goods and sell services.

False

Operations management is applicable ______.

to manufacturing and service sectors.

Lesson #2

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Lesson #2

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Revision _ October 23, 2024

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Lesson #2

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Lesson #0

Lesson #0

Lesson #3

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Lesson #4

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Lesson #6

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Jay Jayel · 52問 · 1年前

Feb_2025 - Revision

52問 • 1年前

Jay Jayel

問題一覧

Operation of a business are concern for both management and operation managers

True

The operation of business _______.

Provide an overview of the organizations activities but can evolve as the organization grows.

Which of the following does NOT belong to logistics operation?

Transformational Processes

What are the functions in logistics?

All of the above

Which of the following does NOT true at challenges in Order fulfillment?

Focus more on selling

A repeat customer is a customer who is loyal to the brand.

True

The processes involved the production of goods has a limited impact on the profitability of the organization.

False

After registering a business entity, a business plan is written to get a loan from the bank.

False

Operations of a business are a concern for both management and operation managers

True

Transparency within an organization can help in lowering risk of errors but cannot help in making informed decisions

False

Business operations refer to day-to-day activities that businesses engage in to increase the value of the enterprise and to earn profits.

True

The legal structure of a business determines the tax and liability issues of its owner

True

An item that has an intrinsic value but cannot generate income is still considered an asset

False

Inputs go through transformation processes to yield outputs.

True

Businesses are engaged in commercial activities for profit only.

False

Which of the following is TRUE about a partnership?

Partners have equal management rights unless an agreement has been set forth

Which of the following is NOT an objective of operations management?

Employee punishment

The choice of the legal structure by a business owner should match _______.

the legal, financial and tax responsibilities he is willing to bear

A supply chain involves ______.

all the businesses and individuals who contributed towards creating a product, from raw materials to finished merchandises

Flow production is ______.

capital intensive as it requires a high proportion of machinery in relation to workers

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

Which of the following does NOT belong to logistics operations?

Transformation processes

Supply chain businesses need to constantly adapt and evolve due to ______.

changing consumer attitudes and demands.

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

Which of the following is NOT an input in a production system?

Competition

Operating activities are activities ______.

such as the producing and selling of merchandise, administrative and maintenance duties, and the generating of income.

In order to maximize outputs and profitability,______.

efficiency must be increased

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)

Intellectual property or IP refers to _______.

rights related to inventions, trade secrets, creative works along with trademarks, copyrights, etc.

What is the MAIN reason for every business to have paperwork as an essential operation activity?

To track and document business activities

An income statement _______.

tracks the profitability of a business.

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

A supply chain is comprised of ______.

all the businesses and individual contributors involved in creating a product, from raw materials to finished merchandise

Which of the following factors could have made it more complicated for supply chain providers in the global economic environment?

Difficulty in forecasting demand

Transformation processes ________.

changes the physical characteristics of materials, in purpose or form of information

Supply chain barriers to trade can result in all the following except ________.

an increased demand for goods internationally

The functions of warehousing in logistics operations does NOT include _______.

shipping of merchandise to customers

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

Stock control systems can boost efficiency because ______.

satisfied customers encourage retention.

Which of the following statements about quality control is NOT true?

Quality control does not ensure the continual and consistent measure of results.

Job production is suited to the manufacture of ______.

handmade items like clothing and shoes.

Another term for stock control is ______.

inventory control

Bee Wool Ltd. is a ______ of good quality wool.

manufacturer

In terms of logistics, Bee Wool Ltd. had to find ways manage the movement of ______.

Inventory

The total expected value for the first year in export sales was ______.

USD 2,400,000.00

Upon obtaining customers' feedback on export sales, the Export Manager realized there were issues pertaining to ______.

logistics

Which of the following were NOT identified as an issue in terms of logistics in the case above?

Salary Cut for Logistics Staff

If 1 batch can produce 50 loaves of bread, how many batches would it take to produce 220 loaves of bread?

How long does it take to prepare 1 batch of dough before baking it?

1 hour 25 mins

What is the abbreviation of Final Product based on the chart above?

Which process will come right before the bread is deemed as Final Product?

Baking

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.

All businesses produce goods and sell services.

False

Operations management is applicable ______.

to manufacturing and service sectors.