AsterQuiz EntrepOnline version entrep by CARL JUSTINE PEREA 1 What is the primary function of the 'Input' stage in the IPO model of production? a Providing the necessary resources for creation b Changing the shape of raw materials c Inspecting the final quality of goods 2 In the context of a furniture factory, which of the following is categorized as an 'Input'? a Customer feedback on design b Unfinished wooden planks and varnish c Delivering the furniture to a store 3 Which term is often used interchangeably with the 'Process' stage in operations? a Throughput b Feedback Loop c Resource Allocation 4 An entrepreneur combines flour, eggs, and sugar to make a single cake. Which production process is this? a Analytic Process b Synthetic Process c Extraction Process 5 What happens during an 'Analytic Process' in the production stage? a Multiple parts are assembled into one b The product is rebranded for a new market c One material is divided into several products 6 Which of the following is considered an 'Output' in a garment manufacturing business? a A finished silk dress ready for delivery b Sewing machines c Rolls of cotton fabric 7 Why are 'Standard Operating Procedures' (SOPs) critical in the 'Process' stage? a They help in hiring new employees b They provide financial funding c They ensure consistency in product quality 8 In the IPO model, 'Value Addition' refers to the concept that: a The output is worth more than the inputs b The process costs more than the output c Inputs are more expensive than the machinery 9 Which of these is an example of the 'Fabrication' process? a Mixing water and cement b Bending a metal sheet into a car door c Selling a car at a dealership 10 What is the definition of our Entrepreneur word (Coopetition) of the day? a A blending of two entrepreneurial strategies b A group of cooperators c A blending of informed businesses on learning the essence of cooperation.
