Quiz on Firm Growth and Ownership
Authored by Charlie Howard
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12th Grade
Used 1+ times
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42 questions
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1.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Why do firms grow?
To make more money, to gain monopoly power, and for greater security
To reduce their workforce
To increase their debt
To avoid competition
2.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is one benefit of a firm experiencing economies of scale?
Increased costs of production
Decreased costs of production
Reduced market share
Increased competition
3.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
How can a larger firm influence prices and restrict the ability of other firms to enter the market?
By reducing their own prices
By gaining monopoly power
By increasing their workforce
By diversifying their products
4.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is one reason why some firms remain small?
Access to finance
To gain monopoly power
To increase market share
To experience economies of scale
5.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is the principal agent problem in large firms?
Separation of ownership and control
Lack of competition
High production costs
Limited market share
6.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Who owns firms in many large companies?
Shareholders
Employees
Customers
Suppliers
7.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is the main aim of the owners of a firm?
To maximise their own benefits
To maximise the returns on their investment
To reduce their workforce
To increase their debt
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