Question 1

Today, thousands of manufacturers and producers have embraced the philosophy of quality first but have not focused particularly on: ​

Accepted Answer

A) Equipment 
B) Processes 
C) The human element 
D) logistics 
E) supply chain management 
A) Equipment 
B) Processes 
C) The human element 
D) logistics 
E) supply chain management C

Question 2

Any business that purchases raw materials or parts for production of goods for resale must carefully consider the quality, quantity, and ____ of those purchases.

Accepted Answer

A) logistics 
B) pricing 
C) outsourcing 
D) staffing 
E) timing 
A) logistics 
B) pricing 
C) outsourcing 
D) staffing 
E) timing E

Question 3

ISO 9001 is a series of international quality standards with a certification process.

Accepted Answer

A) True 
 B)False  True

Question 4

The best way for manufacturers to control quality is by arranging for products to be inspected at the end of the production process.

Accepted Answer

A) True 
 B)False

Question 5

Discuss the advantages of utilizing a single vendor. ​

Accepted Answer

A business that utilizes a single vendor

Question 6

Entrepreneurs who subscribe to ____ will probably wish to provide warranties with products and services.

Accepted Answer

A) continuous improvement 
B) benchmarking 
C) total quality management 
D) Six Sigma 
E) ISO 9000 
A) continuous improvement 
B) benchmarking 
C) total quality management 
D) Six Sigma 
E) ISO 9000

Question 7

____ is the management and control of the flow of goods and resources from the source of production to the marketplace.

Accepted Answer

A) Production 
B) Logistics 
C) Operations 
D) Manufacturing 
E) The just-in-time system 
A) Production 
B) Logistics 
C) Operations 
D) Manufacturing 
E) The just-in-time system

Question 8

The primary reason to outsource manufacturing is to improve quality.

Accepted Answer

A) True 
 B)False

Question 9

In general, manufacturing and production firms are organized as ____-focused or ____-focused organizations. ​

Accepted Answer

A) product / service 
B) input / output 
C) product / process 
D) product / project 
E) insourcing / outsourcing 
A) product / service 
B) input / output 
C) product / process 
D) product / project 
E) insourcing / outsourcing

Question 10

Identifying all the tasks in the production process makes it easier to determine what equipment and ____ will be needed for completing the tasks.

Accepted Answer

A) financing 
B) employees 
C) supplies 
D) machinery 
E) None of these choices 
A) financing 
B) employees 
C) supplies 
D) machinery 
E) None of these choices

Question 11

Entrepreneurs need to start thinking about the cost of operations when their products and services have become commoditized.

Accepted Answer

A) True 
 B)False

Question 12

Outsourced staff typically have a high turnover rate because ____________, so it is important for the entrepreneur to create a culture that encourages the staff to stay with the business long term.

Accepted Answer

A) the average age is 25 
B) of communication issues 
C) there are not enough workers 
D) equipment is too expensive 
E) none of these are correct 
A) the average age is 25 
B) of communication issues 
C) there are not enough workers 
D) equipment is too expensive 
E) none of these are correct

Question 13

Briefly discuss what a new venture will need if it is offering innovative new products?.

Accepted Answer

The new venture will need an operational

Question 14

Product-focused organizations generally are highly decentralized so that they can respond better to market demands.

Accepted Answer

A) True 
 B)False

Question 15

____ is/are used to demonstrate that a company stands behind what it produces and the work that it does.

Accepted Answer

A) ISO 9000 
B) Warranties 
C) Six Sigma 
D) OEM 
E) None of these choices 
A) ISO 9000 
B) Warranties 
C) Six Sigma 
D) OEM 
E) None of these choices

Question 16

Today, product/service warranties are not a competitive marketing tool.

Accepted Answer

A) True 
 B)False

Question 17

Product- or project-focused organizations generally are highly ____ so that they can respond better to market demands.

Accepted Answer

A) functional 
B) decentralized 
C) centralized 
D) mobile 
E) None of these choices 
A) functional 
B) decentralized 
C) centralized 
D) mobile 
E) None of these choices

Question 18

Offshore manufacturing is appropriate for all products.

Accepted Answer

A) True 
 B)False

Question 19

What questions should you ask when considering a specific vendor as a source?

Accepted Answer

Can the vendor deliver enough of what is

Question 20

The ____ process consists of a series of inputs, such as raw materials, labor, and machinery, which are then transformed through a series of processes into new products and services. ​

Accepted Answer

A) logistics 
B) production 
C) inventory 
D) quality control 
E) outsourcing 
A) logistics 
B) production 
C) inventory 
D) quality control 
E) outsourcing

Today, thousands of manufacturers and producers have embraced the philosophy of quality first but have not focused particularly on:

Any business that purchases raw materials or parts for production of goods for resale must carefully consider the quality, quantity, and ____ of those purchases.

ISO 9001 is a series of international quality standards with a certification process.

The best way for manufacturers to control quality is by arranging for products to be inspected at the end of the production process.

Discuss the advantages of utilizing a single vendor.

Entrepreneurs who subscribe to ____ will probably wish to provide warranties with products and services.

____ is the management and control of the flow of goods and resources from the source of production to the marketplace.

The primary reason to outsource manufacturing is to improve quality.

In general, manufacturing and production firms are organized as -focused or -focused organizations.

Identifying all the tasks in the production process makes it easier to determine what equipment and ____ will be needed for completing the tasks.

Entrepreneurs need to start thinking about the cost of operations when their products and services have become commoditized.

Outsourced staff typically have a high turnover rate because ____________, so it is important for the entrepreneur to create a culture that encourages the staff to stay with the business long term.

Briefly discuss what a new venture will need if it is offering innovative new products?.

Product-focused organizations generally are highly decentralized so that they can respond better to market demands.

____ is/are used to demonstrate that a company stands behind what it produces and the work that it does.

Today, product/service warranties are not a competitive marketing tool.

Product- or project-focused organizations generally are highly ____ so that they can respond better to market demands.

Offshore manufacturing is appropriate for all products.

What questions should you ask when considering a specific vendor as a source?

The ____ process consists of a series of inputs, such as raw materials, labor, and machinery, which are then transformed through a series of processes into new products and services.

Understanding Entrepreneurship

Preparing for the Entrepreneurial Journey

Creating Opportunity

Analyzing the Industry and Market

Developing and Testing a Business Model

Prototyping a Solution

Protecting the Startups Assets

Calculating Startup Capital Requirements

Building the Founding Team

Preparing a Business Plan

Designing an Entrepreneurial Organization

Developing the Startup Marketing Plan

Creating a Startup Funding Strategy

Incorporating Ethics and Social Responsibility Into the Business

Planning for Growth and Change

Funding Growth

Filters

Exam 12: Choosing the Legal Form of Organization

Today, thousands of manufacturers and producers have embraced the philosophy of quality first but have not focused particularly on: ​

Any business that purchases raw materials or parts for production of goods for resale must carefully consider the quality, quantity, and ____ of those purchases.

ISO 9001 is a series of international quality standards with a certification process.

The best way for manufacturers to control quality is by arranging for products to be inspected at the end of the production process.

Discuss the advantages of utilizing a single vendor. ​

Entrepreneurs who subscribe to ____ will probably wish to provide warranties with products and services.

____ is the management and control of the flow of goods and resources from the source of production to the marketplace.

The primary reason to outsource manufacturing is to improve quality.

In general, manufacturing and production firms are organized as ____-focused or ____-focused organizations. ​

Identifying all the tasks in the production process makes it easier to determine what equipment and ____ will be needed for completing the tasks.

Entrepreneurs need to start thinking about the cost of operations when their products and services have become commoditized.

Outsourced staff typically have a high turnover rate because ____________, so it is important for the entrepreneur to create a culture that encourages the staff to stay with the business long term.

Briefly discuss what a new venture will need if it is offering innovative new products?.

Product-focused organizations generally are highly decentralized so that they can respond better to market demands.

____ is/are used to demonstrate that a company stands behind what it produces and the work that it does.

Today, product/service warranties are not a competitive marketing tool.

Product- or project-focused organizations generally are highly ____ so that they can respond better to market demands.

Offshore manufacturing is appropriate for all products.

What questions should you ask when considering a specific vendor as a source?

The ____ process consists of a series of inputs, such as raw materials, labor, and machinery, which are then transformed through a series of processes into new products and services. ​

Understanding Entrepreneurship

Preparing for the Entrepreneurial Journey

Creating Opportunity

Analyzing the Industry and Market

Developing and Testing a Business Model

Prototyping a Solution

Protecting the Startups Assets

Calculating Startup Capital Requirements

Building the Founding Team

Preparing a Business Plan

Designing an Entrepreneurial Organization

Developing the Startup Marketing Plan

Creating a Startup Funding Strategy

Incorporating Ethics and Social Responsibility Into the Business

Planning for Growth and Change

Funding Growth

Filters

Today, thousands of manufacturers and producers have embraced the philosophy of quality first but have not focused particularly on:

Discuss the advantages of utilizing a single vendor.

In general, manufacturing and production firms are organized as -focused or -focused organizations.

The ____ process consists of a series of inputs, such as raw materials, labor, and machinery, which are then transformed through a series of processes into new products and services.