Deck 4: Operations: How Will I Organize the Work

Question 1

Which of the following is a major consideration when setting up an office?

A)personal work habits.
B)visitors.
C)ergonomics.
D)All are major concerns.

Answer 1

D

Question 2

"Accountability" refers to those things on which a person's performance will be measured.

Answer 2

True

Question 3

Financial transactions are recorded in a chart of accounts.

Answer 3

False

Question 4

Zoning for land use comes under Federal jurisdiction.

Question 5

Customer files are typically maintained with database software.

Question 6

It is generally best for a small business to pay an accountant to perform the day-to-day bookkeeping chores.

Question 7

The Canadian Federation of Independent Business is a lobby group.

Question 8

The traditional assembly line is an example of:

A)process set-up.
B)product set-up.
C)free-low layout
D)service set up.

Question 9

The purpose of a purchasing system is to:

A)avoid running out of inventory or supplies.
B)reduce inventory costs.
C)both of the above.
D)none of the above.

Question 10

The credit requirements for leasing equipment:

A)are about the same as for purchasing the equipment.
B)are more stringent than for purchasing the equipment.
C)are much less than for purchasing the equipment.
D)There are no credit requirements for leasing equipment.

Question 11

Cash that a sole proprietor takes out of the business for his/her personal use is called:

A)dividends.
B)benefits.
C)drawings.
D)personal incentive.

Question 12

Which of the following techniques involves a Bar Graph?

A)flow chart.
B)Gantt chart.
C)PERT.chart.
D)sequential list.

Question 13

Which of the following is not a management "tip" offered by the text?

A)punish swiftly.
B)measure behaviour.
C)take responsibility for employee well-being.
D)reward improvement.

Question 14

According to the text, the first step in setting up an accounting system is to prepare a "chart of accounts."

Question 15

In Canada, a business can be incorporated through:

A)the federal government.
B)a provincial government.
C)the federal or a provincial government.
E)the federal, a provincial or a municipal government.

Question 16

"Bookkeeping" and "accounting" are interchangeable terms.

Question 17

Logistics is about:

A)logical decision making processes.
B)assessing the feasibility of any given business venture.
C)planning, procurement, transportation and storage.
D)a logical series of quality control procedures.

Question 18

Ergonomics is about selecting equipment that:

A)is comfortable.
B)that is visually pleasing.
C)that reduces eye, joint and muscle strain.
D)none of the above.

Question 19

Equipment or materials you already own and will use in your business, are considered to be part of your investment in the business.

Question 20

A corporation may be registered with either the Federal Government or a
Provincial Government.

Question 21

Identify the major ways in which small businesses are involved with government and explain why these can be a source of frustration to the business owner.

Question 22

Identify four broad Functions of Management and explain ways each can be carried out.