Which of the following is the way in which the goods or service will be produced?
A. Cost control
B. Production layout
C. Inventory management
D. Quality management
The concept _________ reviews processes to eliminate waste, relies on teamwork, and involves all members of the organization in meeting customer needs.
A. Time management
B. Balancing stakeholder
C. Information sharing
D. Total Quality Management
Which of the following activities makes sure that the products or services are available at times of peak customer demand?
A. Operations
B. Capacity
C. Production
D. Scheduling
Which of the following business structure is owned by two or more people who share final authority for all business decisions?
A. Partnership
B. Sole proprietorship
C. Limited liability company (LLC)
D. Corporation
Which of the following is NOT a basic business structure in the United States?
A. Partnership
B. Sole proprietorship
C. Limited liability company (LLC)
D. Incorporated
E. Corporation
Which of the following is a practice of forecasting possible risks to the organization and taking steps to mitigate their impact on operations?
A. Applicant tracking systems
B. HR audit
C. Timekeeping
D. Enterprise risk management
Which of the following ensures that the product or service meets acceptable standards?
A. Scheduling
B. Facility location
C. Inventory management
D. Quality management
Which of the following is one of the elements of a SMART goal?
A. Action-oriented
B. Strength
C. Technology
D. Threat
What is the purpose of an HR budget?
A. To evaluate the effectiveness of HR strategy
B. To determine how much cash is required to achieve a goal
C. To hold departments accountable for outcomes
D. To ensure that the outcomes match the strategic plan
Which of the following is similar to a general partnership but is formed for a limited time frame?
A. General Partnership
B. Joint Venture
C. Limited Partnership
D. Corporation
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