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5 Written questions

5 Matching questions

  1. mass production
  2. downsize
  3. empowerment
  4. third world nations
  5. output
  1. a countries that are underdeveloped, have few manufacturing firms, and have large numbers of poor people who possess few goods
  2. b when up-to-date equipment and assembly line mehtods are used to produce large quantities of identical goods
  3. c lets workers decide how to perform their work tasks and offer ideas on how to improve the work process
  4. d the quantity, or amount, produced within a given time
  5. e cutting back on the goods and services provided and thereby shrinking the size of a firm and the number of employees

5 Multiple choice questions

  1. income that escapes being recorded in the GDP
  2. refers to the number of similar products that will be bought at a given time and price
  3. permits employees to directly own the company in which they work by allowing them to buy shares in it
  4. when an organization produces needed goods or services quickly at a low cost
  5. the distributor of a franchised product or service

5 True/False questions

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


  2. foreign goodsproducts made by firms in the United States


  3. global competitioninvolves making a product or providing a service


  4. manufacturing firmsbusinesses that produce goods


  5. franchisea legal agreement between a company and a distributor to sell a product or service under special conditions


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