
Unit 2 Cost and Profit
Authored by Heather Demers-Keller
Business
12th Grade
Used 5+ times

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10 questions
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1.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
An example of a cost of goods or services sold for a house painting company would be
Flyers to promote the company
Fuel for the van
Paint
A van to travel to people's homes
2.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
If your company has a large production-related task, such as assembling an airplane, what strategy could help you increase productivity?
Decreasing your use of technology
Raising prices
Generalization
Division of labor
3.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
For a company that sells greeting cards online and mails the printed cards to customers, a fixed cost would be
The paper and glue to make the cards
Hourly workers who assemble and ship the cards
Packaging and shipping costs
A paper cutting machine
4.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
A way to increase possession utility for a refrigerator could be by
Providing a delivery service
Expanding the store hours
Making a Web site with information about the product
Creating brochures about the product
5.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
The process when your company buys a car, and its value goes down over time is known as
Leasing
Depreciation
A unit of sale
Interest
6.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
The law of diminishing returns is often used to analyze the ideal amount of which factor of production?
Capital
Land
Labor
Entrepreneurship
7.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
The amount of money a company has left over once all expenses have been subtracted is known as
Net profit
Revenue
Gross profit
Cost of goods sold
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