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WorksheetsPOB key terms
Total questions: 17
Worksheet time: 9mins
What is production?
Human resources
The economic process or activity of producing goods and services
Resources provided by nature
What is scarcity?
A condition resulting from the gap between unlimited wants for goods and services and limited resources
Being afraid
A city in the U.S
What is natural resources?
TREE
Producing goods
Any resource found in nature that is used to produce goods and services
What is Entrepreneurship?
minding your business
Blueberry-Cardamom Pie
using/combine Factors of Production resources to create a new product or services
What is human resources?
People who work to produce goods and services.
Using people as building materials
Exotic Spice Cookies with Ginger, Cardamom and Rose Water
What is one factor of production?
natural resources
caesar salad
scarcity
What are capital goods?
Washington D.C
Manufactured or constructed items that are used in the production of goods and services
Italics
Why is production important?
It allows consumers to recieve a certain good or service
It creates monopolies
It keeps companies in business
What is Planning?
buying the resources needed
issuing orders for production to begin
determining how products will be produced and how much of the product to produce
What is Purchasing?
buying the resources needed
determining the time table to follow in production
the way in which production will be carried out.
What is Production process?
determining how products will be produced and how much of the product to produce
the way in which production will be carried out.
make sure products meet standard and are completed according to plan
What is Scheduling?
determining the time table to follow in production
buying the resources needed
issuing orders for production to begin
What is Dispatching?
determining how products will be produced and how much of the product to produce.
issuing orders for production to begin
make sure products meet standard and are completed according to plan
What is Follow-up?
the way in which production will be carried out
determining the time table to follow in production
make sure products meet standard and are completed according to plan
Why is purchasing important?
It enables competition
It starts the production process
It allows you to waste your money
What is Intermittent Production ?
A production process that periodically stops and then restarts
A test administered at different intervals during the school year to check students' grasp on content
A production process that turns out products without stopping
What is Continuous Production
When manufacturers give back a fixed amount of money to the customer in exchange for subscriptions or contact information
A production process that periodically stops and then restarts
A production process that turns out products without stopping
