Entre Unit 4

Question 1

No matter which inventory system you use, you should also conduct periodic____inventory counts.

Accepted Answer

visual

Question 2

__________is an amount of money an employee receives for every hour of work.

Accepted Answer

wages

Question 3

A borrower's ability to repay a debt is known as_________________.

Accepted Answer

capacity

Question 4

A____________is a target of what you think you will need to keep in stock for your business.

Accepted Answer

model inventory

Question 5

the process of judging how well an employee has performed the duties associated with a job.

Accepted Answer

performance evaluation

Question 6

______is the planning, execution, and control of the movement and placement of people or goods.

Accepted Answer

Logistics

Question 7

The cost associated with giving up the use of money tied up in inventory is called the____cost.

Accepted Answer

opportunity

Question 8

________is the process of making sure the goods or services you produce meet certain standards.

Accepted Answer

Quality Control

Question 9

If you train your employees to practice safety and emergency procedures, you will limit your___

Accepted Answer

liability

Question 10

A/An_____________is a standard that regulates behavior or actions.

Accepted Answer

rule

Question 11

A__________inventory system shifts most of the inventory chores to vendors.

Accepted Answer

just-in-time (JIT)

Question 12

When you ___responsibility, you give an employee the authority to carry out some of your work.

Accepted Answer

delegate

Question 13

A statement of purposes, and principles that are guidelines for daily business operations.

Accepted Answer

policy

Question 14

___________refers to the buying of all materials needed by a business.

Accepted Answer

Purchasing

Question 15

A___________is an organization that represents workers in their dealings with employers

Accepted Answer

labor union

Question 16

the review of a prospective employee's application to determine if they are suited for the job

Accepted Answer

Screening

Question 17

A____________is a discount that a vendor gives to a buyer who places large orders.

Accepted Answer

quantity discount

Question 18

Actions that prepare managers to lead a company into the future are known as______activities.

Accepted Answer

developmental

Question 19

A _____is a document that details the abilities, skills and experience needed by an employer.

Accepted Answer

job specification

Question 20

_________is hiring people and other companies to handle tasks that the firm cannot do itself.

Accepted Answer

Outsourcing

Question 21

A______is a group of employees who meet to discuss ways of improving products and service

Accepted Answer

quality circle

Question 22

Businesses that sell higher-priced items might offer a/an_____________credit plan.

Accepted Answer

installment

Question 23

Entrepreneurs with limited resources may use a/an_______to store and distribute their products.

Accepted Answer

wholesaler

Question 24

An itemized statement of money owed for goods or services is called a/an__________.

Accepted Answer

invoice

Question 25

____________cost is associated with the loss of inventory items.

Accepted Answer

shrinkage

Entre Unit 4

Questions 25

Entre Unit 4

Questions 25