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IGCSE Section 4: Operations Management 4

Authored by Niall Clark

Business

11th Grade

Used 47+ times

IGCSE Section 4: Operations Management 4
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40 questions

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1.

MULTIPLE CHOICE QUESTION

30 sec • 4 pts

1. What is mass production?

1. Producing goods one at a time

2. Producing goods in small quantities

3. Producing goods in large quantities

4. Producing goods for a limited period

2.

MULTIPLE CHOICE QUESTION

30 sec • 4 pts

2. What is job production?

1. Producing goods one at a time

2. Producing goods in small quantities

3. Producing goods in large quantities

4. Producing goods for a limited period

3.

MULTIPLE CHOICE QUESTION

30 sec • 4 pts

3. What is batch production?

1. Producing goods one at a time

2. Producing goods in small quantities

3. Producing goods in large quantities

4. Producing goods for a limited period

4.

MULTIPLE CHOICE QUESTION

30 sec • 4 pts

4. Which of the following is NOT a benefit of mass production?

1. Lower production costs
2. Consistent quality of products
3. Ability to customize products
4. High production speed

5.

MULTIPLE CHOICE QUESTION

30 sec • 4 pts

5. What is a fixed cost?

1. A cost that varies with the level of production
2. A cost that remains constant regardless of the level of production
3. A cost that is incurred only when a product is sold
4. A cost that is not associated with production

6.

MULTIPLE CHOICE QUESTION

30 sec • 4 pts

6. What is a variable cost?

1. A cost that remains constant regardless of the level of production
2. A cost that varies with the level of production
3. A cost that is incurred only when a product is sold
4. A cost that is not associated with production

7.

MULTIPLE CHOICE QUESTION

30 sec • 4 pts

8. What is the break-even point?

1. The point at which a business starts to make a profit
2. The point at which total revenue equals total costs
3. The point at which total revenue exceeds total costs
4. The point at which total revenue is less than total costs

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