Construction Purchasing and Supply Chain Management Quiz
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Construction Purchasing and Supply Chain Management Quiz

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@UndauntedSnake

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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

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