Chapter 19 - Cost, Scale of production and breakeven analysis

Chapter 19 - Cost, Scale of production and breakeven analysis

3rd Grade

8 Qs

quiz-placeholder

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Chapter 19 - Cost, Scale of production and breakeven analysis

Chapter 19 - Cost, Scale of production and breakeven analysis

Assessment

Quiz

English

3rd Grade

Medium

Created by

Wenxin Cheong

Used 13+ times

FREE Resource

8 questions

Show all answers

1.

MULTIPLE CHOICE QUESTION

20 sec • 1 pt

Salary is an example of

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