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4th Small Firms

4th Small Firms

Assessment

Presentation

Business

10th - 11th Grade

Practice Problem

Medium

Created by

Latoya Cousins

Used 8+ times

FREE Resource

21 Slides • 11 Questions

1

4th Small Firms

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Multiple Choice

Which of the following is not a suitable method for measuring the size of a firms?

1

The number of employees

2

the size of the profit

3

the amount of capital employed

4

the size of turnover

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7

Multiple Choice

Which of the following is not an advantage of a small firm?

1

Better communication

2

flexibility

3

economies of scale

4

a personal service can be offered

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9

Multiple Choice

Which of the following is a disadvantage of small firms?

1

economies of scale

2

lack of finance

3

too bureaucratic

4

poor worker motivation

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13

Multiple Choice

An example of Organic growth is

1

Merger

2

Launching new products

3

Acquisition

4

Takeover

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15

Multiple Choice

A merger is

1

One business taking over control of another business

2

One business buying shares in another business

3

Two business agreeing to becoming one new business

4

Two businesses co operating with each other.

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19

Multiple Choice

Economies of scale are gained when a business...

1

decreases it's production and causes an increase in average production costs

2

increases it's production and causes a decrease in average production costs

3

maintains production levels and causes an increase in average production costs

4

increases it's production and causes an increase in average production costs

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21

Multiple Choice

Diseconomies of scale occurs when a business...

1

becomes too large to run effectively and efficiently.

2

grows larger and manages their operations effectively.

3

grows slowly and maintains growth.

4

becomes very large but still manages to run effectively.

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24

Multiple Select

Examples of capital-intensive industries include:

1

Manufacturing

2

Soft-drink production

3

Hospitality

4

Oil extraction

25

Multiple Select

Examples of labour-intensive industries include:

1

Manufacturing

2

Teaching

3

Sports coaching

4

Psychiatry

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Multiple Choice

What does CAD stand for?

1

Code and Design

2

Computer Aided Design

3

Create and Design

4

Craft and Design

31

Multiple Choice

What does CAM stand for?

1

Carefully Added Material

2

Computer Aided Manufacture

3

Computer Aided Making

4

Careful Addition Manufacture

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4th Small Firms

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