Construction Purchasing and Supply Chain Management Quiz
5 Questions
0 Views

Choose a study mode

Play Quiz
Study Flashcards
Spaced Repetition
Chat to lesson

Podcast

Play an AI-generated podcast conversation about this lesson

Questions and Answers

Which of the following is emphasized as the essential ingredient in any business?

  • Labor resources
  • Financial resources
  • Mental resources (correct)
  • Physical resources

    • What is the primary purpose of business schools and business education?

  • To teach risk minimization (correct)
  • To teach physical tasks
  • To teach product production
  • To teach labor organization

    • What is the difference between conceptual knowledge and analytical knowledge?

  • Conceptual knowledge comes from experience, analytical knowledge comes from education (correct)
  • Conceptual knowledge is gained through education, analytical knowledge is gained through experience
  • Conceptual knowledge is about analytical thinking, analytical knowledge is about conceptual thinking
  • Conceptual knowledge is about technology, analytical knowledge is about experience

    • What is the purpose of acquiring knowledge of methodologies?

    <p>To prevent mistakes from being repeated</p> Signup and view all the answers

    What are the core elements of a successful business model according to the text?

    <p>Labor, materials, equipment, and financial resources</p> Signup and view all the answers

    More Like This

    Use Quizgecko on...
    Browser
    Open
    Browser
    Browser