Section 1
Work on facilities and equipment
• Conduct routine custodial tasks
Maintenance and repair
This stage of planning is the foundation
of operations
Production planning
____________ is the process of keeping and interpreting financial records
Accounting
Stores put the most popular items where?
Middle shelf
What was the name of the guy who stole Mcdonalds?
Ray Kroc
Selecting sequence of steps
to be carried out
Consists of the day-to-day activities for continued
business functioning
Operations
Things a company owns that are of value
Assets
What two colors catch people's attention the most while shopping?
Red and yellow
What does procurement mean?
Purchasing
Establishing timetable to be followed in production. "When will materials arrive and how long
will they stay?"
Scheduling
Example of "Inputs"
Employees, materials, trees
process of funding a business
How can a business communicate with customers?
Advertising, social media, billboards
Oops
-1,000 points
What are internal users?
People who work inside the company
Managers
Examples of "outputs"
Goods/services, paper
all the money owed to the business by others.
Accounts receivable
tangible items that last a
long time, such as mobile phones, automobiles, and laptop computers
Durable goods
What color is an emerald?
Green
Which of the following would be included in a business's income statement:
a. Liabilities
b. Operating expenses
c. Net worth
What is site selection?
...
You have to have good _____ to get a loan from a bank. It will also ensure low interest rates
Credit
Items such as fruit smoothies, unleaded gasoline,
and lipstick that do not last a long time
Nondurable goods
What type of fish is Nemo?
Clownfish
These are the people who have invested their money in a business—the stockholders.
Investors
Managing flow of goods/services from production
to consumption
Logistics
Percentage a bank makes off of you financing a loan with them
Interest
Marketing matches up producers with ______ who want to buy their products
Consumers
What do you use to write on a blackboard?
Chalk
Debts that the business owes
Ensuring products’ degree of excellence...making sure everything is good to go in production (glass bottles)
Quality Control
all the money the business owes
Accounts payable
Nice job
+1,500 points
What is the closest living relative to the T-Rex
A Chicken