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II. Decide whether the following statements are a) true, b) false or c) information is not available in the text:

  1. Production Management is the process which is responsible for the actual transformation of materials into finished products.

  2. Production planning can be combined with production control and integrated into enterprise resource planning.

  3. Even in the case of poor planning and control of production activities the organization may be able to attain its objectives.

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III. Match the words (1-10) with their definitions (a-j):

1. finished products

2. acquisition

3. responsibility

4. scope

5. commence

6. supervision

7. procurement

8. implementation

9. objective

10. retardation

a) the process of buying something or obtaining it in some other way

b) goods that have been produced and are ready for sale

c) the things that a particular activity, organization, subject, etc deals with

d) the work of making sure something is done properly and according to all the rules

e) the act of ordering and buying the equipment, supplies, services etc needed by a company or other organization

f) the state or job of being in charge of someone or something and of making sure that what they do or what happens to them is right or satisfactory

g) the realization of an application, or execution of a plan, idea, model, design, specification, standard, algorithm, or policy

h) to begin something

i) something that you plan to achieve, especially in business or work

j) to slow down or delay the development or progress of something

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IV. Complete the sentences (1- 10) with the words (a-l). There are two extra words:

a. construction

b. profits

c. managed

d. manager

e. takeover

f. advertising

g. systems

h. assets

i. authority

j. consumer

k. productivity

l. machine

1. The company’s liabilities exceed its ………. .

2. The ………. company has contracted to build a new airport terminal.

3. He has put his redundancy pay into a ……….. fund.

4. I manage a small ……….. business.

5. What caused the ……….. to malfunction?

6. The fall in ……… was a result of bad management.

7. The ………. bid was beaten by a $2.6 million management buyout.

8. A management by objectives system was introduced to assess ………. .

9. The company has taken on a new marketing ……… .

10. Management information ...……. allow managers to plan production schedules and alter them if necessary.

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