#030 4.05 Production Quizizz

Which of the following is an example of production:

• Providing home security

   

• Purchasing food items

• Reading a new novel

• Answering your home telephone

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

•   consumer goods.

   

   

• conversion processes.

• outputs.

• inputs.

In production, the purpose of the conversion process is to

• turn outdated products into new ones.

• control the costs of production.

•   find markets for the firm’s products.

• turn inputs into products.

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

•   Capital-intensive

• Labor-intensive

   

• Batch

• Unit

Which of the following outputs is considered an industrial good:

•   A sewing machine purchased for home use

• A gallon of milk purchased by a family

• A freezer purchased by a restaurant owner

• A textbook purchased by a college student

One of the benefits of production to consumers is that production

• provides a way to be competitive.

• makes use of automation.

• provides a way to earn profits.

• creates form utility.

Why is production important to businesses?

• It creates goods and services businesses can sell.

   

• It enables businesses to charge high prices.

• It informs businesses about consumers’ needs and wants.

• It eliminates competition.

Efficient production enables businesses to

•   make an accurate forecast of sales.

• turn out the most products at the least cost.

• obtain advance orders for goods and services.

• charge higher prices than competitors.

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

•  

    They rely solely on capital resources.

• They are not necessary for the success of the business

• They vary depending on the product being created.

• Most are considered difficult tasks.

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

• increase consumer demand for the product.

• locate the resources needed for the product.

• prevent losses to the business.

• sequence the steps in production.