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5 Written Questions

5 Matching Questions

  1. productivity
  2. commerical businesses
  3. supply
  4. finance
  5. demand
  1. a firms engaged in marketing, in finance, and in furnishing services
  2. b deals with all money matters related to running a business
  3. c refers to the number of similar products that will be bought at a given time and price
  4. d refers to the number of similar products that will be offered for sale at a particular time and at a particular price
  5. e producing the largest quantity in the least time by using efficient methods and modern equipment

5 Multiple Choice Questions

  1. products made by firms in the United States
  2. the quantity, or amount, produced within a given time
  3. a commitment to excellence that is accomplished by teamwork and continual improvement
  4. involves making a product or providing a service
  5. lets workers decide how to perform their work tasks and offer ideas on how to improve the work process

5 True/False Questions

  1. downsizecutting back on the goods and services provided and thereby shrinking the size of a firm and the number of employees

          

  2. franchiseethe distributor of a franchised product or service

          

  3. manufacturing firmsbusinesses that produce goods

          

  4. third world nationscountries that are underdeveloped, have few manufacturing firms, and have large numbers of poor people who possess few goods

          

  5. ESOPrefers to the number of similar products that will be bought at a given time and price

          

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