Choose the one word or phrase that best completes the sentence and fill in the appropriate answer above.
1-
A......... is the person who directs, supervises and operates a business or a section of a business. This person is in a management position but is not always the owner of the company.
A -
worker
B -
manager
C -
wealthy person
2-
When people or departments become highly-skilled in one area of production because they only create or produce one item or one part of an item,......... occurs.
A -
labor
B -
service
C -
specialization
3-
......... is a system where products or parts of products move from one worker to another. This is an efficient system that is used in order to manufacture products in a highly productive manner.
A -
A labor shortage
B -
A line of people
C -
An assembly line
4-
When companies split up or divide workers' tasks so that each worker performs one job or task, the process is known as ......... .
A -
division of labor
B -
technology
C -
student lines
5-
Many companies around the world use ......... , or make use of scientific advancements, to manufacture new and improved products every day.
A -
introductions
B -
division
C -
technology
6-
......... store huge amounts of information within computer systems that were not in existence 40 years ago.
A -
Advantages
B -
Assembly lines
C -
Databases
7-
In some nations, people and families are below the poverty level and are in need so they are given......... in order to survive.
A -
teachnology
B -
welfare
C -
consumers
8-
In a ......... economy, individuals and businesses own and make most of the decisions about resources. In this type of economy, the people own and control most of the production processes.
A -
modest
B -
market
C -
command
9-
In a ......... economy, individuals and governments own and control production together. They both decide how resources will be used, what will be produced and who will buy and use the products.
A -
market
B -
mixed
C -
command
10-
Whether businesses manufacture goods or offer services, all of the money taken in by a business is called ......... .