ch 41

Question 1

production

Answer 1

transformation of resources into final product

Question 2

job production

Answer 2

method of production that involves employing all factors to complete 1 unit of output at a time

Question 3

batch production

Answer 3

method that involves completing one operation at a time on all units before performing the next

Question 4

flow production

Answer 4

large-scale production of a standard product, where each operation of a unit is performed continuously one after another on a production line

Question 5

process production

Answer 5

form of flow production where materials pass through a plant where a series of processes are carried out in order to change the product

Question 6

labour intensive production

Answer 6

production methods that make more use of Labour relative to machinery

Question 7

capital intensive production

Answer 7

production methods that make more use of machinery relative to labour

Question 8

lead time

Answer 8

time needed to prepare, make or deliver sth

Question 9

productivity

Answer 9

rate at which goods are produced in relation to work, time and money needed to produce them

Question 10

labour productivity

Answer 10

output / worker in a given time period

Question 11

downsizing

Answer 11

process of reducing capacity, usually by laying off staff

Question 12

outsourcing

Answer 12

contracting out of work that might otherwise have been performed within the organisation to other businesses