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- 1. Multiple Choice
The making of a product or service is known as
production
Input
Output
Production department
- 2. Multiple Choice
.................... is the business department responsible for making a product or service.
production
Input
Output
Production department
- 3. Multiple Choice
The production department makes products and services which satisfy the needs and wants of customers
True
False
- 4. Multiple Choice
Services are not included in production.
True
False
- 5. Multiple Choice
A business combines inputs to make products or services.
True
False
- 6. Multiple Choice
are the resources needed to begin the production process
inputs
outputs
- 7. Multiple Choice
All inputs are processed into goods or services known as
inputs
value-added outputs
- 8. Multiple Choice
the difference between the selling price of a product and the cost of the materials used to make it.
inputs
outputs
added value
- 9. Multiple Choice
the finished products or services at the end of the production process.
inputs
outputs
- 10. Multiple Choice
The aim of the business is to produce value-added outputs that are worth more than its inputs.
True
false
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