WorksheetsProduction
Total questions: 41
Worksheet time: 21mins
The reward for the entrepreneur is:
rent
salary
profit
interest
The Caribbean has a sunny climate, some of the world’s most beautiful beaches, diverse fauna, etc. What industry can be derived from these natural resources?
Tourism
Banking
Retail
Manufacturing
Guyana produces some of the best hardwood timber in the world, for example greenheart and mora. Which of the following groups of products can be made from this timber?
Ships, buildings, furniture
Ships, cars, airplanes
Buildings, appliances, electric poles
Furniture, cars, boats
Productivity refers to:
how many products a business makes per year
how efficiently a business is using its resources
how many times a person is late for work
how to get potential customers to purchase your products
Which of the following formulas can be used to calculate productivity?
Productivity = Output/input
Productivity = input/output
Productivity = Number of employees/output
Productivity = Output + input/number of employees
Nicholas Superior Cricket Bats Limited produces 1200 cricket bats per week with a production staff of 20 employees. What is the labour productivity of the business?
60
300
1180
24000
Which of the following production system is characterised by the low production volume?
Jobbing
Batch production
Mass production
Assembly lines
What type of process would a fertilizer plant be most likely to use?
Job shop
Continuous Production
Batch production
Project
Production systems with customized outputs like in luxury fashion brand, typically have relatively _______
High volumes of output
Low unit costs
High amount of specialized equipment
Skilled workers
Highly skilled workers are required for manufacturing ____.
Cars
Designer clothes
Mobile phones
Kurkure
The per unit cost of production is low in case of _____.
Jobbing
Flow production
Batch production
Project production
Canned foods, tyres, pencils etc are ______.
Non-standardized
Standardized
Making a dress?
Job
Batch
Flow
Making bread?
Job
Batch
Flow
Creating a car?
Job
Batch
Flow
Buliding a stadium?
Job
Batch
Flow
Coca Cola?
Job
Batch
Flow
Define Job Production?
Used to produce one off products that are made to meet specific requirements.
Used to produce more than one product that are made to meet specific requirements.
Used to produce one off products that dont have any specific requirements.
Define Batch Production?
Are made in groups, that produce unique products, allows for slight changes before next batch is produced.
Are made in groups, that produce similar products, allows for slight changes before next batch is produced.
Are made in groups, that produce similar products, doesnt allow for slight changes before next batch is produced.
Define Flow Production?
Sometimes called Mass production, produces similar products that will continously move to the next stage of production.
Sometimes called Mass production, produces identical products that will be completed within the one stage of production.
Sometimes called Mass production, produces identical products that will continously move to the next stage of production.
Choose an advantage and disadvanatge of Job Production.
Unique Designs
Can Be Expensive
Lower Unit Costs
Machine Downtime
Choose an advantage and disadvanatge of Batch Production.
Better Effeciency
Initial Costs are High
Lower Unit Costs
Not tailored
Choose an advantage and disadvanatge of Flow Production.
Variety & Flexibility
Low Volumes Produced
Allows for Specialisation, Better Effeciency
Can Be Risky, Lot of Investment.
There is IDLE machines due to machine downtime.
Job
Batch
Flow
Set up costs are high due to having to buy the automated production lines.
Job
Batch
Flow
_______ is the process by which raw materials and other inputs are converted into finished goods.
Inventory
Logistics
Production
Supply chain
What are natural resources?
Animals
Things from nature (not man-made)
Tree
All of the above
__________ It only takes one factor of production to make a good or service.
True
False
Which one of the four factors of production does the picture show?
Natural Resources
Labor
Capital
Entrepreneur
Labor refers to...
people with all their efforts and abilities
individuals who start a new business or bring a product to market.
the tools, equipment, and factories used in production of goods and services.
The "gifts of nature" or natural resources not created by human effort.
Capital refers to...
The "gifts of nature" or natural resources not created by human effort.
people with all their efforts and abilities
the tools, equipment, and factories used in production of goods and services
individuals who start a new business or bring a product to market.
What could be an example of capital?
Buildings
Machines
Money
All of the above
__________ An example of a natural resource is a cell phone.
True
False
__________ The entrepreneur combines natural resources, labor, and capital to produce a good or service.
True
False
Which benefit does not apply to lean production?
Higher standards of customer services
Higher wastage levels
Improved customer relations
Lower costs of production
Which of the following is not an advantage of job production?
Each item can be uniquely designed and produced
Economies of scale can be enjoyed due to the size of the project
Products can be made to match customer specifications
Workers may be motivated by the variety and challenge of the project
Which of the following is not a feature of job production?
Likely to be a unique, one-off product
Likely to be relatively expensive
Meets the specific requirements of a customer
Relatively quick to produce
An important feature of job Production is the
Distinctive quality and output
High and stable levels of demand
High levels of output for a mass market
Repetitive and monotonous tasks
Which of the following is not associated with flow production?
Capital intensity
Exclusivity
Production line
Standardisation
Clothing companies that specialise in producing casual clothing for the general public are most likely to use which method of production?
Batch
Mass
Flow
Job
