Factors of Production
The Production Process
Improving Productivity
Real Life Situations
Production Multiple Choice
100
briefly define raw materials
What is ingrediants to make or construct a product
100
Purchasing is...
What is Buying Raw Materials (ingredients) to make the product
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 D) Decrease Productivity

200
define liquid capital
what is capital that is easliy changed into other things (ie money) with minumum effort
200
Processing is..
What is converting one thing into another
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
the conversion of raw materials or ingrediants to a semi-finished product
What is processing
300
What is Grading?
What is the process of determining the quality of a product by giving it a grade (A-F)
300
Production does what if the raw materials are not there.
What is stop
300
name two products that is graded.
What is bread, eggs, fruit, meat, gas, grain.
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
give a breif definitino of supplies
What is raw materials that do not become part of a new product.
400
Quality Control ensures what?
What is that the product a company makes conforms to certain standards
400
Define Capital Investment
What is when a business invests money to upgrade its equipment in an attempt to speed up productivity and ultimately generate more revenue.
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
name 4 of the 6 types of natural resouces
What is fishing and trapping, agriculture, water, fuel and evergy, and logging/forestry
500
Name the 4 stages of the production process in order
What is Purchasing, Grading, Processing, Quality Control
500
name 3 of the 4 major types of training
What is initial, ongoing, retraining, specialized training.
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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