Checkpoint 3 - Term 2 - Grade 10

Checkpoint 2 - Term 2 - Grade 10

Topics you need to know

1. •Production process

2. •Business departments and functions of production department

3. •Productivity

4. •Methods of production

5. •Business costs

6. •Break even analysis

7. •Break even charts

Multiple Choice

Production is

• selling finished goods and services

• making goods and providing services

• adding value to products

• using natural resources

Multiple Choice

To add value means to increase worth and usefulness of the product.

• True

• False

Multiple Choice

Which business department helps with money in the business?

• IT

• Human Resources

• Marketing

• Finance

Multiple Choice

Which business department helps with computer systems in the business?

• Marketing

• IT

• Human Resources

• Finance

Multiple Choice

Oversees standards and targets.

.Which function of the production department is this?

• production and planning

• purchasing and stock control

• design and technical support

• o

Multiple Choice

Buys the inputs for production. Keeps the right amount of input for production.

.Which function of the production department is this?

• production and planning

• purchasing and stock control

• design and technical support

• operations

Examples of INPUTS​

Multiple Choice

What type of resources consist of assets e.g. machinery, buildings, tools and money?

• Natural resources

• Human resources

• Capital

• Raw materials

Multiple Choice

What type of resources consist of assets e.g. secretaries, managers, workers, cleaners?

• Natural resources

• Human resources

• Capital

• Raw materials

Multiple Choice

One of the benefits of productivity is when output is increased with minimal input.

• True

• False

Labour productivity formula:

Labour productivity = Output (over a given period of time) ÷ number of workers

​

Subject | Subject

Multiple Choice

ABC company produces 20,000 pens per day and employs 10 workers.

What is the labour productivity for ABC company?

• 20,000

• 200

• 2,000

• 2

​Methods of production

Multiple Choice

Which method of production is used when similar items are made in groups?

• job

• batch

• flow

Multiple Choice

Which method of production is used when consumers place unique orders?

• job

• batch

• flow

formulas

Profit = Revenue - Total costs

​

Total costs = Fixed costs + Variable costs​

Multiple Choice

ABC company made AED 500,000 in sales revenue last month. Total costs are AED 300,000.

Choose the correct statement.

• The business made a profit of AED 800,000.

• The business made a profit of AED 200,000.

• The business made a loss of AED 800,000.

• The business made a profit of AED 800,000.

Multiple Choice

ABC Factory made 4,000 desks last month. The total fixed costs are AED 400,000 and the total variable costs are AED 100,000. The total sales revenue for the month is AED 900,000.

Calculate the total cost of production for ABC Factory.

• 500,000

• 400,000

• 900,000

• 1,400,000

Multiple Choice

Alia’s business has the following fixed and variable costs for February.

Calculate the total fixed costs.

• 25,000

• 20,900

• 26,400

• 35,100

​Variable cost per unit

Variable cost per unit = Total variable cost / Number of units

Subject | Subject

Some text here about the topic of discussion

Multiple Choice

A factory makes 400,000 bars of chocolate with a total variable cost of AED 900,000.

Calculate the variable cost per unit.

• 3

• 2

• 0,44

• 2,25

Break even point​

Step 1 : Contribution per unit

Contribution per unit = Selling price per unit - Variable cost per unit

​

Step 2: Break even point

Break even point = Total fixed costs / Contribution per unit​

​

Subject | Subject

Multiple Choice

The company sells a product for AED 10 per unit. The variable cost for each unit is AED 7. The fixed costs are AED 3,0000.

What is the contribution per unit?

• 13

• 3

• 5

• 17

Multiple Choice

ABC company makes pens. The selling price of each pen is AED 50. The variable cost per pen is AED 20. Fixed costs are AED 6,000. The contribution per unit is AED 30.

What is the break-even point?

• 200

• 20

• 600

• 50

Multiple Choice

What are the total fixed costs?

• 2,000

• 4,000

• 6,000

• 8,000

Multiple Choice

What is the correct label for the Y-axis in the chart?

• Variable costs

• Total sales

• Costs and revenue

• Fixed costs

Multiple Choice

What is the correct label for the X-axis in the chart?

• Variable costs

• Total sales

• Costs and revenue

• Fixed costs

Multiple Choice

What is the break-even point in units of output?

• 60

• 70

• 80

• 90

Multiple Choice

What is the area of profit?

• 61 units and more

• 71 units and more

• 81 units and more

• 9

Poll

Are you ready for the exam?

• yes

• maybe

• no