Knowledge CHAPTER REVIEW 1. List and describe briefly four ways to increase productivity. 2. Provide an example of each of the following: a) a capital good b) a product that's graded c) intellectual property d) professional development e) a primary industry 3. What is JIT? Thinking 4. What would you need to consider if you were the purchaser of your company's office supplies? 5. Find on the Internet a "management seminar" for an industry that interests you. Describe it briefly. 6. Name five capital goods that every McDonald's has. 7. Using the Internet, research both a positive and a negative opinion about outsourcing. Write a report, summarizing each opinion briefly and providing your opinion. Be sure to cite your sources. 8. Describe two ways you could be more productive in your job or at school. 9. A large Ontario bakery uses 10 million kilograms of flour each year. The purchasing agent has two possible sources of supply. The first is nearby and sells flour at 87 per kilogram. The other supplier is in Alberta and sells flour for 75 cents per kilogram. It costs $80 per metric tonne to ship flour from Alberta. Which supplier should get the contract? What is the total savings to the bakery? Communication 10. Create a mind map that traces the production of a pair of running shoes back to natural resources. 11. Visit Industry Canada online. Find Company Directories Organized by Industry Sector. Use this website to find a specific source for each . of the following products: dyes and pigments dental equipment stainless steel products Describe one of the specific sources you found using the following: location brief list of some of the company's products short description of the company Application 12. Using the same brand and container size for each product, find three separate prices for ketchup, cereal, and ice cream in local grocery stores. Which store had the overall best prices? 13. Visit and describe briefly two websites that provide information you could use in a soft drink bottling business. How would you use the information? 14. What's new at Research In Motion? Look up the company on the Internet, and describe briefly one of its new products. 15. Using a local business as an example, discuss in detail both the factors of production and production processes the business uses. Te Te Te