Business operation

Employing a specialist cost accountant in a growing business is an example of which type of economy?

• Technical economy

• Risk bearing economy

• Managerial economy

• Marketing economy

What impact will internal economies of scale have on costs?

• Total costs will fall

• Average costs will rise

• Variable costs will rise

• Average costs will fall

Which of the following is an example of an external economy of scale?

• Increased cooperation and information sharing between business

• Rising costs of inputs

• Lower cost winning

• Better efficiency resulting from the specialization of labor

Which of the following is a possible limit to business growth?

• Fall in the exchange rate

• Government restrictions

• Marketing constraints

• lack of finance

Which of the following is in the advantage of job production relative to other production methods?

• Unit cost will be lower

• Production speeds are faster

• workers may be better motivated

• Fewer resources are needed

Dental treatment is provided using which form of production?

• Flow production

• batch production

• Job production

• capital intensive production

A manufacturer employs 18 machinists in a workshop. During a single week, 1440 points of jeans are produced. Therefore, labour productivity per worker for the week was how many pairs of jeans?

• 80 pairs

• 25920 pairs

• 1440 pairs

• 18 pairs

Which of the following products is likely to be made using batch production?

• Mobile phones

• Toilet paper

• petrol

• clothes

What of the following is an advantage of just-in-time manufacturing?

• Labour productivity is increased

• stockholding costs are significantly reduced

• Lead times are lengthened

• making production more capital intensive

Does lean production focus on which of the following?

• Increasing labour productivity

• improving cash flow

• Using fewer resources

• Making production more capital intensive