Which of the following is an example of production:

• Reading a new novel

• Purchasing food items

• Providing home security

• Answering your home telephone

In production, the purpose of the conversion process is to

• control the costs of production

• find markets for the firm's products

• turn inputs into products

• turn outdated products into new ones

Which of the following outputs is considered industrial goods

• A freezer purchased by a restaurant owner

• A gallon of milk purchased by a family

• A textbook purchased by a college student

• A sewing machine purchased for home use

Why is production important to businesses?

• It enables businesses to charge high prices

• It eliminates competition

• It creates goods and services businesses can sell

• It informs businesses about consumers' needs and wants

Which of the following is a true statement about production activities:

• They vary depending on the product being created

• Most are considered difficult tasks

• They are not necessary for the success of the business

• They rely solely on capital resources

The production activity used to obtain all the resources needed for production to take place is

• routing

• scheduling

• purchasing

• dispatching

What type of production would most likely be used to produce prescription glasses?

• Unit

• Batch

• Mass

• Robotic

Why is routing an important production activity?

• Routing establishes company standards

• Routing issues orders for production to start

• Routing establishes a timetable for production

• Routing establishes the production path of inputs

Which production activity issues work orders telling employees what their job assignments are?

• Routing

• Dispatching

• Scheduling

• Following up

Why do many businesses follow up after production to ensure that products meet standards set by outside organizations?

• To estimate future sales

• To determine raises for production workers

• To create dispatches

• To remain competitive