WorksheetsPOB 5.04 & 5.05 Review
Total questions: 7
Worksheet time: 7mins
Which provides government protection of business property?
consumer protection laws
patents
economic incentives
revenues
The government can borrow money from the private sector in order to pay the costs of regulation by:
setting prices.
raising taxes.
issuing bonds.
selling licenses.
One reason that has caused the government's role in business to expand is that:
competition in the marketplace has increased.
products have become very technical.
costs of production have continued to increase.
people's attitudes have changed.
The formula that is generally used to measure productivity is:
outputs divided by inputs.
labor divided by resources.
goods divided by time.
inputs divided by labor.
The productivity of an individual worker can be measured by:
dividing the dollar totals of sales by the number of salespeople who made the sales.
dividing the total number of products produced by the number of production steps.
dividing the dollar totals of sales by the costs of making all of those sales.
dividing the number of customers served by the number of hours an employee worked.
At PME Company, four employees worked 25 hours a week and produced 4,200 products. What is the total hourly production output?
42
168
262
1,050
If three employees each work 35 hours a week and produce a total of 9,765 items, what is their total hourly productivity level?
31
67
93
105
