INEN LESSON 2

What does production technology refer to?

• The way to market products

• The combination of capital, technology, natural resources, and labor

• The process of hiring employees

• The method of selling goods

What is labor-intensive technology?

• Technology that requires many workers and few machines

• Technology that uses automated processes

• Technology that requires many machines

• Technology that is only used in large factories

Which of the following is a disadvantage of implementing new production technology?

• Resistance to change from employees

• Higher production quality

• Lower operational costs

• Increased job satisfaction

What is custom production characterized by?

• Standardized processes

• High variety and low volume

• Automated production lines

• High volume and low variety

What is a key advantage of job-lot production?

• Higher investment in machinery

• Better utilization of plant and machinery

• Longer production runs

• Higher set up costs

What is a limitation of line production?

• High investment in production facilities

• Flexibility in production

• Lower manufacturing costs

• Shorter cycle times

What is the first step in the production procedure?

• Converting raw materials

• Preparing for distribution

• Assembling components

• Making finished goods

Why is planning production important?

• It increases the complexity of operations

• It eliminates the need for skilled workers

• It ensures a smoother production run

• It reduces the need for quality control

What does tooling-up for production involve?

• Hiring new employees

• Setting up machines and tools for production

• Marketing the product

• Designing the product

What is standard stock?

• A type of machinery

• A type of raw material

• A widely used size and shape of material

• A finished product ready for sale