5 Written Questions
5 Multiple Choice Questions
- Transfer of some types of jobs, especially those requiring low-paid less skilled workers, from more developed to less developed countries.
- An industry for which labor costs comprise a high percentage of total expenses.
- A decision by a corporation to turn over much of the responsibility for production to independent suppliers
- A fabric made by weaving, used in making clothing
- Manufacturing based in homes rather than in a factory, commonly found before the Industrial Revolution.
5 True/False Questions
Site factors → Location factors related to the costs of factors of production inside the plant, such as land, labor, and capital.
Fordist → Adoption by companies of flexible work rules, such as the allocation of workers to teams that perform a variety of tasks.
Bulk-reducing industry → An industry in which the final product weighs more or has a greater volume than the inputs.
Industrial revolution → A series of improvements in industrial technology that transformed the process of manufacturing goods.
Right-to-work laws → Location factors related to the costs of factors of production inside the plant, such as land, labor, and capital.