
Opportunity cost and specialization - 8th IIT
Authored by Alberto Carrera
Professional Development, Life Skills
8th - 12th Grade
Used 4+ times

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10 questions
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1.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
The value that you or a company has to give up to get something else.
Opportunity cost
Quality assurance
Quality control
Marketing
2.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
When people, companies, or regions decide to focus on a specific task this is called...
specialization
target audience
target market
3.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Specialization can happen at different levels.
True
False
4.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Example of specialization at employee level...
the skilled carpenter who focuses on producing high-quality violins.
The local accountants who focus on doing other people's tax calculations.
The Santos region in Brazil specializes in coffee production.
5.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Example of specialization at the business level...
Japan specializes in technology and computing
Nestlé specializes in chocolate production
A mortgage adviser for a bank
6.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Example of specialization at region level...
Audi specializes in making cars.
The Santos region in Brazil specializes in coffee production.
The Ivory Coast specializes in the production of cocoa
7.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is psychic profit?
Non-financial rewards
Magical power
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