Economies, Production, and Quality Quiz

What is an example of internal economies of scale?

• Falling average total costs as output increases

• Government subsidies

• Increased competition

• Improved infrastructure

Which of the following is a type of production process?

• Mass production

• Single production

• Job production

• Custom production

What is a principle of lean production?

• Economies of scale

• Just-in-time (JIT)

• Quality assurance

• Mass production

Which factor of production is associated with capital-intensive activities?

• High use of land

• High use of labor

• High use of enterprise

• High use of machinery

What is a benefit of Total Quality Management (TQM)?

• Increasing production time

• Decreasing product variety

• Gaining a competitive advantage

• Reducing the workforce

What is a characteristic of batch production?

• Production in large quantities

• Production in groups or batches

• Production on demand

• Continuous production flow

Which of the following is a key component of Six Sigma methodology?

• Lean

• Kaizen

• JIT

• DMAIC

What is a primary goal of Just-in-Time (JIT) production?

• Enhancing product customization

• Increasing production speed

• Reducing waste and improving efficiency

• Maximizing inventory levels

What is a common feature of mass production?

• Flexible production lines

• High customization

• Low volume output

• Standardized products

Which of the following is a benefit of economies of scale?

• Higher labor costs

• Increased production costs

• Reduced average costs per unit

• Decreased market share