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POB 4.03 Quiz

Authored by Elisa Lovejoy

Business

9th - 12th Grade

Used 13+ times

POB 4.03 Quiz
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10 questions

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1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is the economic process or activity of producing goods and services?

Production

Scarcity

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is the usefulness created by altering or changing the form or shape of a good to make it more useful to the consumer?

Factors of Production

Form Utility

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

The concept of production is to

Allows businesses to turn out the maximum number of products at the lowest cost

physical transformation of intangibles

4.

MULTIPLE CHOICE QUESTION

45 sec • 1 pt

The production activities include

Planning, Purchasing, Production, Scheduling, Data, Follow-up

Planning, Purchasing, Production, Scheduling, Dispatching, Follow-up

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Entrepreneurship is using/combine _____________ resources to create a new product or services

Factors of Production

Natural resources

6.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What production activity evaluates products to make sure that the products the business produces meet certain quality standards?

follow-up

automation

7.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is one of the most important components of the production process?

new technology

human resources

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