Factors of Production
Includes Logs, Water, and Ores
What are Natural Resources?
Productivity: accomplishing ______ things in the same amount of time OR the same amount of things in ______ time.
accomplishing more things in the same amount of time OR the same amount of things in less time
These 4 words create the acronym S.T.A.R. which are helpful for interview questions.
What is Scenario/Situation, Task, Action, Result?
Arden is paid $23/hour at Foodland.
What is an Hourly Wage?
Which is the only body part that is fully grown from birth?
Eyes
Disney+ knowing their rivals include Amazon, Netflix, Hulu, and many others is an example of this.
What is Information?
To give small/repeatable tasks to employees.
What is Training/Specialization?
A tour of the workplace is included in this part of a job. This is also a term for visiting a university/college campus.
What is an orientation?
Performing well? Here is some extra money for doing a great job!
What is an Incentive Bonus?
This many colours are used in the South African flag.
What is 6?
Robotic arms and conveyor belts are examples of this.
What is Labour?
Education, training, and skills are all acquired to be more productive.
What is Human Capital?
A resume and a _______________ are 2 things often needed when applying for a job.
What is a Cover Letter?
Violet's friend asked them to cut the grass for $30.
What is a Fee for Service?
She was the first Disney princess.
Who is Snow White?
Buildings and equipment describe this type of capital.
Non-Liquid Capital
Self-Checkouts are an example of improving productivity.
What is Technology?
These skills improve your collaboration with others.
What are Teamwork Skills?
If someone were to make a movie about Spider-Man, they would need to pay this fee.
What is a Royalty/Licensing Fee?
What can be broken but is never held?
A Promise.
When making hockey pucks, rubber is this type of raw material.
What is an Ingredient?
Tools and equipment are ways to improve producivity.
What are Capital Goods?
For a departure, this is done to improve the incoming position in the company.
What is an Exit Interview?
This type of compensation is based on sales. Sell more items, make more money!
What is Straight Commission?
This is the height of a regulation NBA basket in feet. *Closest Answer Wins*
What is 10 feet?