Get ready to play this amazing "Basic Business Test Quiz. " Every business requires some form of investment and enough customers. The business field has a lot of career opportunities, and if you are looking to venture into a business, there is some basic information you need to understand. Test your business knowledge by taking up the quiz below. Please leave a comment after this test. All the best to you!
Supply, manufacture, distribution
Design, manufacture, inventory
Engineer, design, manufacture
Supply, engineer, manufacture
Provides the manufacturing plan for families of end items
Outlines the sales plan for the next year
Is a statement of goals and objectives for a long-range period
Outlines new products for the next year
Assemble to order
Engineer to order
Make to order
Make to stock
Make to stock
Make to order
Assemble to order
Engineer to order
Managing inventory items and how they are used
Establishing the production plan
The cost and benefits of carrying the different classes of inventory
The distribution network and the movement of inventory
I, II, and III
II, III, and IV
I, III, and IV
I, II, III, and IV
Most values clustered near a central point
Warehouses centrally located to markets.
Values accumulated at six sigma
A critical ratio of 1.0
100
300
500
600
Pull system
Push system
Just-in-time delivery
Supply chain management
Pull system
Push system
Just-in-time
Time phased order point.
150
500
750
3000
Items related functionally
Items in sequential SKU number
Items that are physically similar
Items that are fast-moving
Put away item is increased.
Cube utilization is poor.
Dock time is increased.
Material handling costs rise.
I, II, and III
II, III, and IV
I, III, and IV
I, II, III, and IV
I, II, and III
I, III, and IV
II, III, and IV
I, II, III, and IV
A process to reduce cycle time.
Set up reduction to shorten the production cycle.
Counting inventory on a pre-determined schedule.
Conducting a time study at a work center.
Physical supply
Supply chain
Physical distribution
Conversion cycle
Transportation
Warehousing
Material handling
Forecasting of customer orders
Moving small quantities to widely dispersed markets
Moving large quantities to widely dispersed markets
Moving small quantities to narrowly dispersed markets
Moving large quantities to narrowly dispersed markets
1.00
1.50
2.00
2.50
A warehouse to store goods for long periods of time
A storage warehouse for floor stock
A warehouse to move and mix goods
A supply chain warehouse for regional storage
I, II, and III
I, II, and IV
I, III, and IV
II, III, and IV
The geographic boundary of a region
The line where the laid down cost is the same from two supply sources
The line where shipments in one distribution center equals another
The mileage boundary where shipment costs exceed the margin to be gained
Increase by a factor of 2
Decrease by half
Increase, and the percent can be calculated
Decrease by a calculated percentage
I, II, and III
I, II, and IV
II, III, and IV
I, II, III, and IV
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