Can You Make It Review

Can You Make It Review

9th - 12th Grade

20 Qs

quiz-placeholder

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Can You Make It Review

Can You Make It Review

Assessment

Quiz

Business

9th - 12th Grade

Hard

Created by

Faith Murley

Used 3+ times

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20 questions

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1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is production?

The selection of inputs for making outputs

The creation of goods and services from economic resources

The conversion process that results in time utility

The process of assembling the factors of production

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Which of the following is an example of production:

Reading a new novel

Purchasing food items

Providing home security

Answering your cell phone

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

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

Inputs

Consumer Good

outputs

conversion processes

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

In production, the purpose of the conversion process is to

control the costs of production.

find markets for the firm’s products.

turn inputs into products.

turn outdated products into new ones.

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

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

Batch

Labor-intensive

Unit

Capital-intensive

6.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Which of the following outputs is considered an industrial good:

A freezer purchased by a restaurant owner

A gallon of milk purchased by a family

A textbook purchased by a college student

A sewing machine purchased for home use

7.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

One of the benefits of production to consumers is that production

makes use of automation.

provides a way to earn profits.

creates form utility.

provides a way to be competitive.

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