Entrepreneurship 101: Management and Production

ArticulateSerpentine8997 avatar
ArticulateSerpentine8997
·
·
Download

Start Quiz

Study Flashcards

30 Questions

What is the initial step in achieving effective operations management?

Hiring the right people

What is a key consideration when selecting a method of production?

Mode of production

What is the primary function of operations proper?

Implementing and running the factory or service shop

What is the consequence of using wrong methods in operations?

Inability to attain desired results

What is the significance of machines in business operations?

They are necessary for efficient operations

What is a key criterion for hiring workforce according to Aduana (2017)?

Educational qualifications and experience

What is one of the primary goals of the 4Ms of Operations?

To achieve a specific business opportunity

What is the term for the series of actions or steps taken to achieve a particular end?

Method

What is the primary function of manpower in the production process?

To provide the skills and expertise needed to produce goods or services

What is one of the primary benefits of effective production management to the firm's reputation?

Improved goodwill and image

How does production management support other functional areas in the organization?

By allowing human resources to manage the workforce more effectively

What is an example of a machine in the production process?

A gas stove

What is one of the key benefits of production management in terms of resource utilization?

Optimum utilization of resources such as manpower, machines, methods, and materials

What is the term for the raw materials needed in the production process?

Materials

What is a consequence of effective production management on the firm's cost objectives?

Achieving cost efficiency objectives

What is the result of the production process?

A finished product

How does production management impact the firm's growth prospects?

It enables the firm to expand and grow

What is a broader impact of production management on the economy?

It generates employment opportunities

What is management in the context of entrepreneurship?

The art of getting things done with and through other people

What is the primary purpose of Operations Management?

To produce goods and services that provide the reason for the organization's existence

What are the four components of the 4M's of operations?

Manpower, Method, Machine, and Materials

What is the role of manpower in the manufacturing process?

To operate and maintain machines

What is the output of the production process?

Final Product

Why are good people required to operate and maintain machines?

Because factories require good people to operate and maintain the machine

What is the primary concern of a Human Resource Manager when starting a business?

Getting the right people

During the Covid-19 pandemic, what is a key consideration for a Human Resource Manager of SM City Naga?

Staff protection

What is the purpose of creating an infographic in Activity 3?

To communicate important information visually

What is an essential element of a well-designed infographic, according to the rubric?

All of the above

What is the minimum distance from which labels on an infographic should be readable?

3 feet

What is the purpose of including a source citation for borrowed graphics in an infographic?

To avoid plagiarism

Learn the basics of entrepreneurship, including the concept of management and production. Understand how to efficiently run a business with minimal effort. Explore the importance of management in entrepreneurship.

Make Your Own Quizzes and Flashcards

Convert your notes into interactive study material.

Get started for free
Use Quizgecko on...
Browser
Browser