Production and Productivity

Production and Productivity

Multiple Choice

Which one of the following is NOT a factor of production?

• land

• table

• capital

• enterprise

Multiple Choice

One of the benefits of increasing productivity is:

• more workers will be employed

• total production will increase with the same number of workers

• average costs will stay the same

• fewer raw materials will be needed to produce the same level of output

Multiple Choice

Which of these isn't a method of improving productivity?

• employing more staff

• providing pay incentives

• investing in up-to-date machinery

• training staff

Multiple Choice

What does productivity mean?

• productivity is how products are made

• productivity is a measure of how many workers a business has

• productivity measures efficiency

• productivity measures effectiveness

Multiple Choice

Which of the following is NOT true with production process

• firms adding value to a product

• transforming raw materials into finished goods

• provision of a product or service

• providing only a product, not service