What is capital intensive production?

• Production that relies heavily on machinery and equipment

• Production that relies heavily on human labor

• Production that uses minimal technology

• Production that focuses on manual processes

What is labor intensive production?

• Production that relies heavily on machinery and equipment

• Production that relies heavily on human labor

• Production that uses minimal technology

• Production that focuses on automated processes

Poppy is managing a factory that produces electronic gadgets. She is considering switching to a capital intensive production method. Which of the following is a benefit of this approach?

• Lower initial investment

• Higher consistency and quality

• Increased employment opportunities

• Greater flexibility in production

Which of the following is a drawback of labor intensive production?

• High initial investment

• Lower consistency and quality

• Reduced employment opportunities

• Increased automation

What does AI stand for in business technology?

• Automated Integration

• Artificial Intelligence

• Advanced Innovation

• Applied Information

What is CAM in the context of business operations?

• Computer Aided Manufacturing

• Customer Account Management

• Centralized Asset Management

• Collaborative Application Module

What does CAD stand for?

• Computer Aided Design

• Centralized Application Development

• Customer Analysis Data

• Collaborative Asset Distribution

What is EPOS used for in business?

• Employee Performance Optimization System

• Electronic Point of Sale

• Enterprise Planning and Operations System

• Environmental Protection and Oversight System

Which technology is commonly used for online ordering?

• CAD

• AI

• Apps

• CAM

Neha is managing a retail store and is considering implementing bar codes for inventory management. What is a benefit of using bar codes in her business operations?

• Increased manual data entry

• Enhanced data accuracy and speed

• Higher costs of implementation

• Reduced inventory tracking