WorksheetsPOB 4.03 Quiz
Total questions: 10
Worksheet time: 5mins
What is production?
The creation of goods and services from economic resources
Selecting inputs to make outputs
The specific resources used in a company’s production are called
outputs
inputs
In production, the purpose of the conversion process is to
control the costs of production.
turn inputs into outputs (products)
Outputs that are sold to producers who will use them to make other products are called industrial goods. Which of the following outputs is considered an industrial good:
A freezer purchased by a restaurant owner
A textbook purchased by a college student
"Efficient" production enables businesses to
turn out the most products at the least cost.
charge higher prices than competitors.
Which of the following outputs is considered an industrial good:
A textbook purchased by a college student
A freezer purchased by a restaurant owner
The production activity used to obtain all the resources needed for production to take place is
purchasing
scheduling
Which of the following products would be mass produced?
Soft drinks
hand-made scarves
Employees who are involved in production scheduling are responsible for
estimating how long each step in production will take.
obtaining the resources needed in production.
Which of the following is a follow-up activity in production:
Estimating the number of steps in the production process
Making sure that production deadlines were met
