Introduction to Management Unit 5 Review A (2021)

What is production?

• The selection of inputs for making outputs

• The process of assembling the factors of production

• The conversion process that results in time utility

• The creation of goods and services from economic resources

The specific resources used in a company's production are called

• inputs

• consumer goods

• outputs

• conversion processes

What kind of conversion process is being used in an automated assembly line that produces soft drinks?

• Batch

• Labor-intensive

• Unit

• Capital-intensive

One of the benefits of production to consumers is that production

• makes use of automation

• provides a way to earn profits

• creates form utility

• provides a way to be competitive

Efficient production enables businesses to

• charge higher prices than competitors

• obtain advance orders for goods and services

• make an accurate forecast of sales

• turn out the most products at the least cost

Planning the quantities to produce is an important part of production planning because it helps to

• prevent losses to the business

• sequence the steps in the production

• increase consumer demand for the product

• locate the resources needed for the product

An intermittent production process is a method of production in which

• the process stops and then restarts

• robots carry out the repetitive tasks

• the process turns out products without stopping

• production equipment is controlled by computers

Which of the following is a characteristic of mass production:

• It is considered inefficient

• It often uses assembly lines

• It produces one-of-a-kind items

• It is primarily used for small quantities

Employees who are involved in production scheduling are responsible for

• obtaining the resources needed in the production

• issuing orders for production activities to begin

• establishing the path inputs take through production

• estimating how long each step in production will take

Which of the following is a follow-up activity in production:

• Projecting sales for the company's products

• Making sure that production deadlines were met

• Estimating the number of steps in the production process

• Making sure that production steps follow proper sequence