Question 1

An individual or organisation who is the end user of the goods or services that have been produced or supplied is known as what?

Options :

A : Customers

B : Consumers

C : Emptor

D : Patron

Answer: B

Question 2

Transport, Inventory, Motion, Waiting, Over Production, Over Processing and Defects are more commonly known as what?

Options :

A : The 7 Processes

B : The 7 Wastes

C : The 7 Sins

D : The 7 Procurements

Answer: B

Question 3

What back‐up plan could a manufacturer have in case a supplier is unable to obtain raw materials? Select all that apply

Options :

A : Contract other suppliers to assist should problems arise

B : Do nothing

C : Hold extra stock

D : None of the above

Answer: A,C

Question 4

All parties must have the _______ that their agreement can be enforced by civil law, i.e. if something goes wrong, one party can take legal action against the other.

Options :

A : Acceptance

B : Capacity

C : Consideration

D : Intention

E : Offer

F : Signature

Answer: D

Question 5

There are three sectors that all business activity fits into, which sector is concerned with extracts raw materials from the Earth? (e.g. mining coal, drilling oil, extracting metal, farming crops and fishing)

Options :

A : Primary sector

B : Quaternary sector

C : Secondary sector

D : Tertiary sector

Answer: A

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