Production and Productivity

Production is?

• Conversion of input to output

• a process

• only about manufacturing

• none of the above

Company A produces an out put of 500 using an input of 450, while company b produces same output using 50 less input. what is the Productivity of B?

• 2.2

• 1

• 1.25

• 0.9

How can we improve productivity?

• Improve process and increase output

• Decrease input relative to output

• Achieve cost effectiveness through effective raw materials

• All of the above

In a capital intensive production!

• Machines are replaced by labour

• Labour is replaced by machine

• labour is proportionally high than capital

• none of the above

Main argument against capital intensive is ?

• Its unethical

• It creates unfair value for business

• humans are degraded

• Standard of living falls

Main problem is Labour intensive is?

• They are hard to manage and maintain

• They are costly

• Labour is high maintenance

• all of the above

How can a company improve its out put?

• replace un necessary workers

• Invest in new technology

• improve process to reduce wastage and cost

• all of the above

What is productivity?

• when out put is higher than the input

• When a higher output is achieved using more labour

• When capital takes over labour

• When a large output is produced

Which one is more likely to lead for more productivity?

• Capital intensive

• Labour intensive

• Combination of capital and uto achieve cost effectiveness

• get a cheap supplier

For a fish can manufacturing firm which type of production suits?

• Capital

• Labor

• a combination

• none of the above