Factors of Production
Production General
Improving Productivity
Real Life Situations
Production Multiple Choice
100

These people have special skills to organize their business

What are Entrepreneurs?

100

Solar energy is a by product of ...

What is the Sun?

100

True or False: Would speeding up the conveyor belt operated and worked on by people in a factory increase productivity?

What is false. Speeding up the belt would result in more mistakes and end up decreasing productivity.

100
Honda had to lay off thousands of workers and replace them with robots and automation. why would they do this from a business point of view?
What is to increase productivity and spend less on the salaries of the workers.
100
you go to a job and they immediately put you to work. This would: a) decrease productivity b) increase productivity c) make a better work environment d) Make you learn faster
What is a) Decrease Productivity
200

Three (3) broad categories/groups of labour

What is:

1. Semi-skilled and unskilled

2. Skilled

3. Managerial and professional

200

A natural resource in the Caribbean used to create cement products

What is limestone?

200

Is training essential for the employees production speed of any business?

What is Yes?

200
Several young entrepreneurs created a company called "Earth Buddy" that became very popular very quickly. The entrepreneurs ran out of raw materials for their product due to the popularity. what could they have done to ensure that this wouldn't happen.
What is they could have located and made contact with other companies that supplied the raw materials and bought the raw materials in bulk.
200
A new business just opened up that designs computer software. The computers they have are from 1995. They have a limited amount of spending money for expenses Should they: a) Hire more employees b) Buy new computers c) Advertise more d) search for raw materials
What is b) buy new computers. This would increase productivity and generate more income with better quality software.
300

Food, clothing and shelter

What are 3 primary needs?

300

These are what businesses put into its production process. 

What are INPUTS?

300

Everything is produced locally and does not involve any import or export from other countries

What is Domestic Level?

300

Once established, the income for my type of business can remain highly variable.

What is a small business?

300
The two main stages in Metal processing are a) melting and smelting b) harvesting and refining c) smelting and refining d) refining and grading
What is c) smelting and refining
400

Producer goods. Explain

What are goods used in the production of other goods

400

What is Production?

What is the process and method of growing or changing raw materials and making goods or services that can be used or sold to satisfy the needs and wants of people and businesses?

400

Three Types of Production

What is Primary, Secondary and Tertiary Production?

400
What would happen if products were not regulated or graded to meet standards?
What is the general population would not receive "safe" products which would result in injury, sickness, etc. by the consumers.
400

A new business has become popular but is struggling keeping enough raw materials. should they a) Make a new business that harvests raw materials b) Get into contact with a company that supplies the materials for a better price c) Do nothing d) Hire more employees

What is b) Get into contact with a company that supplies the materials for a better price.

500

Briefly define working capital

What is the business's short-term assets that are turned over fairly quickly in the course of business activity?

500

Define PRODUCTIVITY

What is a measure of the increase in output from each unit in the production process.

500

Name 3 things that increase productivity

What is training, recruiting skilled workers, good working conditions   

NOTE: Another is increased wages (bonus)

500
Steve Jobs (the previous prime shareholder of Apple) died recently. Would this affect productivity in terms of quality and new Apple products that are yet to come. give reasoning.
What is yes or no. Depends on answer.
500
What is the most efficient way to speed up the production process in a business that uses people on the assembly line for making computers? a) replacing the people with machines b) getting faster and safer conveyor belts c) increasing the morale in the employees d) providing incentives for the employees depending on how well they perform
What is a) Replacing the people with machines. They work faster and have no salary.
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