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4.3.1HowFirmsGrow

4.3.1HowFirmsGrow

Assessment

Presentation

Other

10th Grade

Hard

Created by

Chi Zhang

Used 2+ times

FREE Resource

18 Slides • 12 Questions

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4-3.1HowFirmsGrow企业的增长方式

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Multiple Choice

What is a factor of production?

1

An advantage of producing on a large scale

2

A resource used to produce goods and services

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A sub-section of a manufacturing process

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A unit of output

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Multiple Choice

What is a variable cost to a firm producing bicycles?

1

The cost of component parts of the bicycles

2

Loan repayment

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The rent of the bicycle factory

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The salaries of the senior manager

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Multiple Choice

If a firm increases its output in the short run, what will happen to its average fixed cost (AFC)?

1

AFC will decrease continually

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AFC will equal zero

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AFC will increase than decrease

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AFC will increase continually

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Multiple Choice

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The graphs show the average total cost (ATC) curves of four firms. Which firm has the highest fixed costs?

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A

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B

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C

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D

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Multiple Choice

When a firm wants to achieve internal growth, it would NOT_______________

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try to takeover its competitor

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expand production

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hire more workers

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borrow money from the bank

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Multiple Choice

Which of the following form of integration would help the firm achieve product diversification?

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Vertical Integration

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Horizontal Integration

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Lateral Integration

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Multiple Choice

Which of the following would help the company achieve product specialization?

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Vertical Integration

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Horizontal Integration

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Lateral Integration

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Multiple Choice

Which of the following is a good indicator for measuring the size of both labor-intensive and capital intensive firms

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Amount of capital employed

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The number of suppliers of this company

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Size of the workforce

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Market Share

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Multiple Choice

Which of the following means 整合

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merge

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takeover

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integration

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purchase

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Multiple Choice

In a horizontal integration deal, a music company producing CDs merged with another firm. What business would the company be doing once integration is finished?

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Owning shops selling CDs

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Still producing CDs

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Producing CD players

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Producing machinery that is used to make CDs

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Multiple Choice

A butcher(屠夫) has achieved backward vertical integration. What could have happened?

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The butcher bought a cattle farm.

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The butcher employed more workers.

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The butcher merged with another butcher.

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The butcher sold cheese and eggs as well as meat.

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Multiple Choice

Infosys, an Indian information technology company, bought Axon, a UK information technology company. Which type of integration is this?

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Conglomerate

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Horizontal

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Vertical backwards

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Vertical forwards

4-3.1HowFirmsGrow企业的增长方式

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