Production of goods and services -Part 1

The provision to satisfy consumer wants and needs is called as

• consumption

• production

• productivity

• production and consumption

----------- is responsible for making sure that raw materials are provided and made into finished goods or services

(a)  

The use of many workers and less capital in a production process

• labour-intensive

• man-power

• capital-intensive

• labour-shortage

Productivity is how business can measure its

• production

• intensity of production

• efficiency

• capital productivity

Output = 400 units; Number of employees is 40. Labour productivity =?

• 1600

• 100

• 20

• 100

Which of the following is not a way to increase productivity?

• train staff to be more efficient

• use of people to do jobs

• new technology

• improve motivation