Principles of Business: 4.00_Understand Business Operations Management

4.04_To help create a safe environment in the workplace, each employee should:

be aware of things or situations that create hazardous conditions.

4.02_Trey compares the prices offered by different vendors for the same goods and services. Which part of the purchasing process is Trey involved in?

bid analysis.

4.03_Which is a benefit of putting one's goals in writing?

clarifies the goals

4.05_Preventing security problems is important to businesses because the financial losses from these problems may force the businesses to:

close.

4.02_The first step in maintaining an inventory of supplies for the business is to:

develop a list of supplies that the business needs.

4.03_Jessie is designing a new style of bracelet to sell at school to raise money for FBLA. She has sold so many bracelets that she has assigned other members of FBLA to assist her in making the bracelets. Which production activity step is this?

dispatching

4.03_Which is a example of a short-term objective?

finishing a six-week computer software course

4.03_ What production activity evaluates products to make sure that the products the business produces meet certain quality standards?

follow-up

4.03_ What is one of the most important components of the production process?

human resources

4.04_ A reason why businesses are required to keep accident records is for:

insurance purposes.

4.02_Some businesses use an automatic reorder system to maintain an adequate:

inventory of supplies.

4.04_ When handling emergency situations, it is important for business employees to:

know what to do.

4.02_By purchasing just the quantity of supplies that is needed, purchasing can:

minimize inventory investment.

4.02_ Maintaining an inventory of supplies helps a business to:

operate efficiently.

4.05_The Anderson Convenience Store charged a customer with trying to cash a bad check and with using an expired credit card. The customer was engaged in what type of fraud?

point-of-sale

4.03_ Which processes turn economic resources into goods and services?

production

4.01_The primary reason that governments develop workplace health and safety regulations is to:

protect employees from injury and illness.

4.01_ One way a business can reduce the risk of accidents in the workplace is by providing its employees with:

safety training.

4.04_For safety's sake, employees who are learning new skills should take the time to practice the skills and avoid taking:

shortcuts.

4.05_Many businesses use a variety of security precautions in order to protect the businesses from:

the risk of theft.

4.04_ Why is it important for employees to follow instructions when using equipment and machinery?

to minimize loss

4.05_One procedure that businesses often establish to protect company information from computer crime is to require the use of:

virus detectors.

4.04_Some safety hazards in the workplace are caused by the unsafe actions of workers. An example would be:

wearing inappropriate clothing.

4.02_ Mark, who owns a small home-appliance store, is in the process of placing an order for 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 $284.83 each. What is the total cost of the stoves that Mark is purchasing?

$3,945.76

4.02_Primetime Incorporated is a retailer of sporting gear. It sells 500 pairs of a specific Nike sneaker 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?

3,500 units

4.04_What is one of the first procedures to follow if business employees detect a fire in the facility?

Evacuate the premises.

4.04_Which protects employees from liability when they administer first aid to customers?

Good Samaritan Law

4.02_Which question should be answered by the purchasing function?

How much merchandise should we buy?

4.04_Which is an example of an employee maintaining a safe work environment?

William follows his employer's rules when he is operating heavy equipment.