C-04 — Production and Organization

What does production essentially mean?

Production occurs only when the new product has —

Bread made from flour, salt, water and yeast is an example of —

Which of the following is NOT required to produce sharbat?

Who supervises the entire process from sourcing materials to selling the final product?

A small farmer cultivating his own land is —

A factory owner who manages workers but does not directly produce is —

A factory owner who hires a manager and plays no role in production is —

An owner who actively participates in production and supervises others is —

Production-created utility is broadly categorized into how many types?

Making beds, chairs and tables from wood is example of —

Making machinery by beating iron creates which utility?

Wheat to flour represents which type of utility?

Bringing wood from the forest to urban areas to make furniture creates —

Bringing bananas, fruits and vegetables from village to city creates —

Storing rice harvested in Paush-Magh and selling later in Bhadra-Ashwin creates —

Selling potatoes harvested in Agrahayan during Ashadh creates —

A teacher imparting knowledge to create educated individuals is example of —

A doctor maintaining people's health represents —

A soldier's work is example of which utility?

When a farmer purchases unused land and begins cultivating it, this creates —

A father gifting property to his son represents —

Parental affection is —

Rice to rice pitha is example of —

A fish pond creates which utility?

Spatial utility is another name for —

Morphological utility refers to —

Temporal utility refers to —

Ramzan Ali owns how many bighas of agricultural land?

Consider the following statements:

Anything used to produce goods and services is called —

How many main types of factors of production are there?

Which is NOT a factor of production?

All natural resources used in production are referred to as —

Which of the following is NOT included under "land"?

Soil fertility, forests and aquatic resources are part of which factor?

Physical and mental human effort used in production is called —

Which is example of labor?

Man-made resources used to produce other goods rather than being consumed directly are called —

Which one is example of capital?

Which factor acts as the coordinator among the other factors of production?

The person responsible for coordinating production is called —

Which is NOT a duty of an entrepreneur?

In an agriculture-based country like Bangladesh, which factors play a more significant role?

In industrialized nations such as the USA or Japan, which factor holds the greatest importance?

Consider the following statements:

Organization refers to —

The cornerstone of any business venture is —

The structure of a business organization depends on —

How many key characteristics of a well-functioning organization are listed in the chapter?

The first step in setting up a well-functioning organization is —

Assigning appropriate authority to employees so they can carry out their duties independently is called —

Ayesha Begum invested how much taka from her poultry earnings to start fish cultivation?

How many male and female workers did Ayesha and Rahmat eventually employ?

In division of work, business functions are categorized based on —

A key challenge for any organization is —

Kamal Babu employs 10 workers on one bigha and produces 600 quintals of wheat. Average production per worker is —

With 11 workers Kamal Babu produces 655 quintals. Marginal production by the 11th worker is —

Total production refers to —

Average production = ?

The change in total production due to a one-unit change in a factor of production is called —

When the labour factor increases from 1 to 2, total production rises from 10 to 24 quintals. Marginal production is —

When the labour factor increases from 2 to 3, total production becomes 36 quintals. Marginal production is —

The law of diminishing marginal product is most applicable in —

According to the textbook table, with 1 hectare of land and 1 labour hour, total production is —

According to the textbook table, average production at 2 labour hours is —

According to the textbook table, marginal production at 4 labour hours is —

According to the textbook table, total production at 7 labour hours is —

According to the text, total production reaches its highest value at how many units of labour?

According to the textbook table, marginal production at 7 labour hours is —

According to the textbook table, marginal production at 8 labour hours is —

When marginal production is greater than average production, the average production —

When average production reaches its maximum, MP and AP are —

According to the diagram, MP and AP intersect at point E corresponding to how many labour hours?

After the AP curve reaches its maximum, MP —

Why does marginal production gradually decrease as labour increases on fixed land?

Consider the following statements about the law of diminishing marginal returns:

Nuru Mia from Rajshahi owns a litchi orchard of how many acres?

About how many litchi trees are in Nuru Mia's orchard?

How much taka did Nuru Mia spend on inputs this year?

Material costs in production refer to —

The sum of material costs and human effort/sacrifice is known as —

The actual visible expenses a production unit incurs for rent, materials and labour are called —

Which of the following is example of explicit cost?

Which of the following is example of implicit cost?

Hidden costs of using the entrepreneur's own resources are called —

In a sole proprietorship, the owner's compensation is usually treated as —

Which of the following is NOT an explicit cost?

Personal cost is the sum of —

Social cost arises when —

Vehicle emissions causing health problems and treatment costs in cities is example of —

Which statement about personal and social cost is correct?

Which one is a natural resource that helps in production?

Which type of cost is not recorded in the firm's account books?

According to the marginal production diagram, what is the amount of labour at the point of maximum marginal production?

Consider the following information about the marginal production diagram:

Which one is a means of production produced by man-made factor?

Aleya distributes responsibilities among employees and brings discipline. This represents —

Aleya formed an organization named —

In the farmer's paddy table, when workers increase from 20 to 30, marginal production is —

In the farmer's paddy table, marginal production when workers increase from 30 to 40 is —

Which law of production is reflected in the farmer's paddy table?

What type of utility does the passage of time create?

Why does marginal production gradually decrease?

How do explicit and implicit costs affect a firm's accounting?

What is meant by factors of production?