Unit 3 Controlling Exam

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

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

• inputs.
• outputs.
• consumer goods.
• conversion processes.

In production, the purpose of the conversion process is to

• control the costs of production.
• turn inputs into products.
• find markets for the firm’s products.
• turn outdated products into new ones.

The production activity used to obtain all the resources needed for production to take place is

• routing.
• purchasing.
• scheduling.
• dispatching.

An intermittent production process is a method of production in which

• robots carry out the repetitive tasks.
• the process turns out products without stopping.
• the process stops and then restarts.
• production equipment is controlled by computers.

What type of production would most likely be used to produce prescription glasses?

• Unit
• Mass
• Batch
• Robotic

Which of the following is a characteristic of mass production:

• It is considered inefficient.
• It produces one-of-a-kind items.
• It often uses assembly lines.
• It is primarily used for small quantities.

The equipment, ingredients, and employee labor at a restaurant are all

• inputs.
• productivity.
• objectives.
• mass production.

The amount and value of outputs produced from set amounts of resources are known as

• inputs.
• productivity.
• objectives.
• mass production.

Why should productivity be measured?

• To see whether the business’s objectives are being met
• To locate new sources of inputs
• To determine the best ways to invest company profits
• To find new ways to meet customer needs