checkpoint 3 revesion

The process where a business makes goods or provides services, is known as

• production

• input

• output

• add value

What type of resources consist of assets e.g. machinery, buildings, tools and money?

• rew materiał

• capital

• human resources

• natural resources

What is a benefit of productivity?

• Value-added input is created

• Increased output with minimal input

• Decreased output with maximum input

• Output is part of the production process

One of the responsibilities of the production department is to buy the necessary inputs for the production process.

• Production and planning

• Purchasing and stock control

• Design and technical support

Which business department helps computer system

• IT department

• finance department

• Human Resources

• Marketing

Which method of production is used when customers place unique orders with different requirements?

• (a)  Job production

• Batch production

• Market production

• Flow production

What type of business cost(s) remain the same regardless of output?

 

• (a)  Fixed costs

• Variable costs

• Average cost

• Total cost

What does it mean to add value to products?

• increase the break-even point

• To increase the costs of a product

• To increase the worth and usefulness of a product

• To increase the number of products made

What is a benefit of producing good quality products?

• Reduced sales

  n

• Good reputation

• ncreased competition

• bad reputation

Eazy Electronics produces 10,000 mobile phones per day and employs 20 workers.

 

What is the labour productivity for Eazy Electronics?

• 20

• 500

• 5000

• 10000