Salary is an example of
Chapter 19 - Cost, Scale of production and breakeven analysis

Quiz
•
English
•
3rd Grade
•
Medium
Wenxin Cheong
Used 13+ times
FREE Resource
8 questions
Show all answers
1.
MULTIPLE CHOICE QUESTION
20 sec • 1 pt
variable cost
fixed cost
average cost
total cost
2.
MULTIPLE CHOICE QUESTION
20 sec • 1 pt
When a bakery produces more loaves of bread, it will require purchasing additional flour and yeast. This is an example of ___________ cost.
fixed
average
total
variable
3.
MULTIPLE CHOICE QUESTION
20 sec • 1 pt
Total cost = ________ + ___________
fixed cost + variable cost
variable cost + average cost
Average cost + sales revenue
Average cost + number of outputs
4.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Economies of Scales are __________ that will reduce __________ cost when business ____________ in size.
factors, total, increases
factors, average, reduces
factors, average, increases
Factors, total, reducees
5.
MULTIPLE CHOICE QUESTION
20 sec • 1 pt
ABC factory benefits from ____________ of scale when they produce their furniture using flow production.
purchasing
technical
managerial
marketing
6.
MULTIPLE CHOICE QUESTION
20 sec • 1 pt
When a supermarket chain buys products in bulk, they benefit from _________ economies of scale.
technical
marketing
purchasing
financial
7.
MULTIPLE CHOICE QUESTION
20 sec • 1 pt
When ABC private limited is able to hire specialist, they benefit from ___________ economies of scale.
technical
purchasing
marketing
managerial
8.
MULTIPLE SELECT QUESTION
20 sec • 1 pt
At a large multinational corporation, the management noticed that despite their size, they were not benefiting from economies of scale due to _________________. [There are more than 1 ans]
low moral of staff
lack of communication
financial problems
poor decision making
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