ch 41 definitions

Question 1

production

Answer 1

transformation of resources into a final product

Question 2

job production

Answer 2

method of production that involves employing all factors to complete one unit of output at a time

Question 3

batch production

Answer 3

method that involves completing one operation at a time on all units before performing the next

Question 4

flow production

Answer 4

large-scale production of a standard product, where each operation on a unit is performed continuously one after the other, usually on a production line

Question 5

process production

Answer 5

form of flow production where materials pass through a plant where a series of processes are carried out in order to change the product

Question 6

labour-intensive production

Answer 6

production methods that make more use of labour relative to machinery

Question 7

capital-intensive production

Answer 7

production methods that make more use of machinery relative to labour

Question 8

productivity

Answer 8

rate at which goods are produced, and the amount produced especially in relation to the work, time, money needed to produce them

Question 9

labour productivity

Answer 9

output per worker in a given time period

Question 10

flexitime

Answer 10

system in which people work a fixed number of hours each week or month, but can change the times at which they start and finish each day

Question 11

downsizing

Answer 11

process of reducing capacity, usually by laying off staff

Question 12

outsourcing

Answer 12

contracting out of work that might otherwise have been performed within the organisation to other businesses