A production setup that is characterized by low initial costs and high operating costs is:
A) a quality circle.
B) capital intensive..
C) automated.
D) labor intensive.
E) a process layout.
Question 2 - A system of exchange in which goods and services are traded directly for other goods and services is called a(n) _____ system.
A) monetary
B) barter
C) interchange
D) mercantile
E) commerce
Question 3 - At the beginning of 2016, Hollis Corp estimated their sales projections for the playground equipment they manufacturer. They are expecting tremendous growth this year, and as a result expect that they will have to outsource some of their production. This is likely because:
A) Hollis Corp. has calculated their sales projections incorrectly.
B) they need to reevaluate their production technology options.
C) the company as a short product line.
D) the estimated production capacity is more than the company can currently handle.
E) the manufacturing facility will be idle during 2016.
Question 4 - Barnes and Noble would like to know how effectively they use their resources to generate profits. Which of the following ratios would they use?
A) Current assets current liabilities
B) Net profit after taxes total investment
C) Net revenue after taxes revenue
D) Sales total assets
E) Total liabilities owner's equity
Question 5 - A Chilean wine producer is considering ways they might be able to increase production at their winery. The option the winery is considering would involve high initial costs, but lower operating costs. The winery is likely considering:
A) lengthening their product line.
B) decreasing the capacity of their production facility.
C) manual production technology.
D) altering their research and development approach.
E) automatic production technology.
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