4.3.1HowFirmsGrow

4-3.1HowFirmsGrow企业的增长方式

Multiple Choice

What is a factor of production?

• An advantage of producing on a large scale

• A resource used to produce goods and services

• A sub-section of a manufacturing process

• A unit of output

Multiple Choice

What is a variable cost to a firm producing bicycles?

• The cost of component parts of the bicycles

• Loan repayment

• The rent of the bicycle factory

• The salaries of the senior manager

Multiple Choice

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

• AFC will decrease continually

• AFC will equal zero

• AFC will increase than decrease

• AFC will increase continually

Multiple Choice

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

• A

• B

• C

• D

Multiple Choice

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

• try to takeover its competitor

• expand production

• hire more workers

• borrow money from the bank

Multiple Choice

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

• Vertical Integration

• Horizontal Integration

• Lateral Integration

Multiple Choice

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

• Vertical Integration

• Horizontal Integration

• Lateral Integration

Multiple Choice

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

• Amount of capital employed

• The number of suppliers of this company

• Size of the workforce

• Market Share

Multiple Choice

Which of the following means 整合

• merge

• takeover

• integration

• purchase

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?

• Owning shops selling CDs

• Still producing CDs

• Producing CD players

• Producing machinery that is used to make CDs

Multiple Choice

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

• The butcher bought a cattle farm.

• The butcher employed more workers.

• The butcher merged with another butcher.

• The butcher sold cheese and eggs as well as meat.

Multiple Choice

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

• Conglomerate

• Horizontal

• Vertical backwards

• Vertical forwards