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Theme 2 Business Studies

Business

12th Grade

Used 32+ times

Theme 2 Business Studies
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22 questions

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1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What does break even point show?

where a business is neither making a profit or loss
how many items to make
how much profit they're making
where a business has more fixed costs than variable

2.

MULTIPLE CHOICE QUESTION

1 min • 1 pt

What is the margin of safety?

the margin between projected units and break even point units
the margin between profit and loss
the margin between units and sales
the margin between each break even point

3.

MULTIPLE CHOICE QUESTION

1 min • 1 pt

What is the formula for contribution?

cost price - selling price

fixed costs - variable costs

selling price - variable cost

selling price - cost price

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

what is the definition of productivity?

The effectiveness of productive effort, especially in industry, as measured in terms of the rate of output per unit of input.

Relating to moral principles or the branch of knowledge dealing with these.

A product that involves an activity

Any nutritious substance that people or animals eat or drink or that plants absorb in order to maintain life and growth

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

what is the definition of outsourcing?

a place, person, or thing from which something originates or can be obtained

an activity in which a customer browses the available goods or services presented by one or more retailers with the intent to purchase a suitable selection of them. In some contexts it may be considered a leisure activity as well as an economic one.

the introduction of new things or methods

obtain (goods or a service) by contract from an outside supplier

6.

MULTIPLE CHOICE QUESTION

45 sec • 1 pt

A ‘hard’ approach to human resource management would:

focus on the most efficient use of capital equipment

treat employees as a resource to be used as efficiently as possible

view workers as a valuable asset to be developed

focus solely on better recruitment methods to improve employee engagement

7.

MULTIPLE CHOICE QUESTION

45 sec • 1 pt

Which of the following is not a benefit of training?

Improved productivity

Higher employee wages

Better quality

Improved reputation as an employer

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