Business Management

Question 1

1Procurement is the process of

Easy

A. hiring staff B. acquiring goods and services for an organisation C. selling products D. paying taxes

Question 2

2Public procurement in Ghana is regulated by the

Easy

A. Ghana Ports and Harbours Authority B. Public Procurement Authority C. Electoral Commission D. Ghana Revenue Authority

Question 3

3Keeping stock as low as possible by receiving materials only when needed is

Easy

A. just-in-time inventory B. safety stock C. hoarding D. bulk buying

Question 4

4Producing goods continuously in very large quantities is

Easy

A. craft production B. batch production C. job production D. mass (flow) production

Question 5

5Quality control involves

Easy

A. paying wages B. recruiting C. checking products to ensure they meet standards D. advertising

Question 6

6Inviting suppliers to submit bids is called

Easy

A. tendering B. auditing C. budgeting D. franchising

Question 7

7Total quality management (TQM) involves

Hard

A. everyone in the organisation being responsible for quality B. ignoring customers C. producing more regardless D. only inspectors checking quality

Question 8

8Inventory control aims to

Easy

A. sell stock below cost B. avoid stock entirely C. hold as much stock as possible D. keep the right level of stock at the lowest cost

Question 9

9Just-in-time inventory is risky when

Hard

A. demand is stable B. quality is high C. suppliers are unreliable D. storage is costly

Question 10

10Capacity utilisation of a factory producing 8,000 units with capacity 10,000 is

Hard

A. 80% B. 20% C. 8% D. 125%