Production Quiz

Production: the process of converting inputs such as land, labour and capital into s........ goods, for example shoes and cell phones.

...... production: the production of items one at a time.

What kind of production is this?

Inventories: the s.......... of raw materials, work-in-progress and finished goods held by a business

True or False?

KAIZEN is a production method that involves reducing or virtually eliminating the need to hold inventories of raw materials or unsold inventories of the finished product.

• True

• False

True or False?

Overproduction is one of six types of waste that can occur in production.

• True

• False

True or False?

In Kaizen method, the improvement comes from new technology or equipment.

• True

• False

If complex machinery is being used to perform simple tasks. This type of waste is........

• Overproduction

• Unnecessary inventory

• Over-processing

• Defects