ECONOMICS
TECHNOLOGY
|
Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
|
|
|
team decision making
|
|
|
autonomous work groups
|
|
|
division of labor
|
|
|
quality circles
|
Detailed explanation-1: -The work itself moves to the individual rather than the worker moving to the work. An assembly line is an example of progressive production.
Detailed explanation-2: -The moving assembly line created the mass-production process, which influenced the “machine age.” It also enabled Ford to steadily decrease the price of the Model T. In 1908, the first Model Ts sold for $825. By 1925, the vehicles sold for only $260.
Detailed explanation-3: -Common examples of these are food, beverages, clothing, shoes, and gasoline. Consumer services are intangible products or actions that are typically produced and consumed simultaneously. Common examples of consumer services are haircuts, auto repairs, and landscaping.
Detailed explanation-4: -In economics, capital goods or capital are “those durable produced goods that are in turn used as productive inputs for further production” of goods and services.