According to J. R. Hicks, what is the objective of production?
TEST 4 Production Theory
12th Grade
•20 Qs
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TEST 4 Production Theory
Quiz
•
Business
•
12th Grade
•
Hard
Nattida In-asa
Used 10+ times
FREE Resource
20 questions
Show all answers
1.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
To organise activity of transforming resources
To satisfy the demand for transformed resources
To transform resources into finished products
To produce goods and services
2.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What are the components of production?
Engine, Information, Order Manufacturing, Conveyor
Equipment, Assembly Line, Output, Input
Raw material, Labor, Management, System
Job Analysis, Idle Time, Process Layout, Flexible
3.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is the manufacturing process in which manufacturing starts only after a customer's order is received?
Assembly to Order
Line Production
Make to Stock
Make to Order
4.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
In which type of production are products manufactured based on demand forecasts?
Make to Order
Assembly to Order
Make to Stock
Line Production
5.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is the workflow in which a customer's order triggers a manufacturing order for a product, which will then be built using components and subassemblies stocked by the manufacturer?
Make to Order
Line Production
Make to Stock
Assembly to Order
6.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is the main purpose of Make to Stock production?
To start manufacturing after a customer's order is received
To build products using stocked components and subassemblies
To manufacture based on demand forecasts
To satisfy the demand for transformed resources
7.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is the main purpose of Assembly to Order production?
To manufacture based on demand forecasts
To satisfy the demand for transformed resources
To build products using stocked components and subassemblies
To start manufacturing after a customer's order is received
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