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POB 4.03

Authored by Student Tonya AthensHS

Business

9th - 12th Grade

Used 12+ times

POB 4.03
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5 questions

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1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

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

                                  a.  Batch  

                                                         

b.  Labor-intensive           

c.  Unit

                               

  d.  Capital-intensive

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

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

       a.  inputs.    

    b.  consumer goods.     

c.  outputs.

d.  conversion processes

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Which of the following outputs is considered an industrial good?

a. A freezer purchased by a restaurant owner

b. A gallon of milk purchased by a family

c. A textbook purchased by a college student

d.  A sewing machine purchased for home use

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Why is production important to businesses?

       a.  It enables businesses to charge high prices.

   b.  It eliminates competition.

              

c.  It creates goods and services businesses can sell, keeping them in business.

     d.  It informs businesses about consumers’ needs and wants.

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

              What is production?

a. The selection of inputs for making outputs

         

       

           

     b.  The process of assembling the factors of production

        c.  The conversion process that results in time utility

   d.  The creation of goods and services from economic resources

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