Entrepreneurship I - Objective 4.05 Vocabulary Quiz

A production method in which the product moves past workers who each do one assigned production task

• Batch Production

• Automation

• Assembly Line

• Production Process

A method of operating or controlling a process in which tasks are completed by automatic means, such as technology, reducing human effort and labor

• Assembly Line

• Automation

• Robotics

• Production Process

The production of items in specific amounts, or batches

• Continuous Production Process

• Batch Production

• Factors of Production

• Assembly Line

Manufactured or constructed items that are used to produce goods and services

• Industrial Goods

• Capital Goods

• Consumer Goods

• Factors of Production

A conversion process that depends on the use of equipment

• Continuous Production Process

• Capital-Intensive Process

• Intermittent Production Process

• Production Process

Manufactured or constructed items that are used to produce goods and services

• Consumer Goods

• Industrial Goods

• Capital Goods

• Production Planning

A production process that turns out products without stopping

• Continuous Production Process

• Mass Production

• Batch Production

• Unit Production

The process of turning economic resources into products

• Production Process

• Labor-Intensive Process

• Conversion Process

• Intermittent Production Process

The process of raising funds from a large group of people, usually via the Internet

• Purchasing

• Scheduling

• Crowdfunding

• Robotics

Issuing orders for production to start

• Scheduling

• Dispatching

• Purchasing

• Routing