Business Basics-Production

_____________ is the process of converting raw materials into finished goods or semi-finished goods.

• Production

• Land

• Productivity

• Resources

Land, labour, _______ and enterprise or entrepreneurial skills are all factors of production.

• clothing

• capital

• human labour

• resources

All of the following are types of production EXCEPT

• Primary production

• Tertiary production

• Secondary production

• Subsistence production

Knowledge and skills possessed by people that are used to enhance the production process is referred to as

• land

• human capital

• labour

• capital

The extraction of raw materials from the earth's surface represents which type of production?

• Secondary

• Primary

• Domestic

• Tertiary

The levels of production are

• Subsistence

• Domestic

• Surplus

• All of the above

At this level everything is produced locally, in the home country

• export

• domestic

• subsistence

• surplus

When domestic production exceeds capacity and there is a glut, this is known as

• surplus

• domestic

• tertiary

• subsistence

______ refers to production of a number of like or similar products in groups at a time.

• Job production

• Batch production

• Flow production

• Assembly line

Choose the correct the answer to complete the following sentence:

The production process is the process, _______,

activity or _______ used to produce a product.

• technique, art

• input, method

• method, technique