4.00 Study Guide Flashcards Preview

PBF > 4.00 Study Guide > Flashcards

Flashcards in 4.00 Study Guide Deck (29):
1

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

Safety training.

2

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

Protect employees from injury and illness.

3

Which question should be answered by the purchasing function?

How much merchandise should we buy?

4

Some businesses use an automatic reorder system to maintain an adequate:

Inventory of supplies.

5

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

6

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

Minimize inventory investment.

7

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

8

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

Develop a list of supplies that the business needs.

9

Maintaining an inventory of supplies helps a business to:

Operate efficiently.

10

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

11

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

Clarifies the goals

12

Which is a example of a short-term objective?

Finishing a six-week computer software course.

13

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

Human resources

14

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

Follow-up.

15

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.

16

Which processes turn economic resources into goods and services?

Production.

17

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

Good Samaritan Law.

18

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

Insurance purposes.

19

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

Know what to do.

20

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

Evacuate the premises.

21

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

Wearing inappropriate clothing.

22

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

Be aware of things or situations that create hazardous conditions.

23

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

To minimize loss.

24

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

Shortcuts.

25

Which is an example of an employee maintaining a safe work environment?

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

26

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

The risk of theft.

27

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.

28

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

Virus detectors.

29

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

Close.