Free Printable Economics

Worksheets

Economics

Total questions: 15

Worksheet time: 9mins

Name

Class

Date

Economies of scale are the reduction in costs of production achieved through increased output.

True

False

Which of the following is not a cause of internal diseconomies of scale?

Poor communication between different departments

Lack of staff morale and motivation

Less control, direction and coordination of human resources

Late deliveries due to congestion in busy locations

External economies of scale can arise from

Bulk purchases of raw materials, parts and components at favourable prices

The introduction and use of advanced technology

Specialised back-up services available in a particular region

Lower interest rates, thus reducing the cost of borrowing to large companies

If a firm doubles its use of inputs and finds that output increases by 50%, then it has experienced

Growth

Economies of scale

Diseconomies of scale

Evolution

If a firm increases its use of all factors of production but sees an increase in its average costs, this is a sign of

Internal diseconomies of scale

External diseconomies of scale

External economies of scale

External diseconomies of scale

what is a trade union?

(a) It is an organisation

(b) A group of workers

(d) To register a trade union, you must apply to the Registrar of labour Relations

What are the roles and responsibilities of Trade union?

(a) Is to ensure the welfare of its members such as safeguarding the interests of its members

( b) Protecting the reliability of its trade.

( c) achieving higher wages by securing economic benefits.

(d) All of the above

5. What is least likely to be a function of a trade union?

A improving working conditions

B. reducing the cost of labour

C. representing members interests

D securing adequate pay for members

14. What does the term"closed shop'mean?

A a bankrupt retail establishment

B. a trade union that is approved by the govemment

C. an agreement that all workers must be members of the same trade union

D. an agreement by trade unions to share members

10.

18. which of the following is an example of action taken by a trade union?

A. Go-fast

B. Sit-down

C. Work-to-rule

D. Lie- in

11.

One of the reasons for vertical integration between two businesses could be to:

diversify into a completely different industry

reduce competitors supplying the same product

control the supply of raw material

obtain higher market share

12.

Occurs when a firm acquires former suppliers or customers

Horizontal Merger

Vertical Merger

Product Extension Merger

Market Extension Merger

13.

Joint ventures, mergers and acquisitions are all examples of what type of growth?

Internal

External

Organic

Branding

14.

A benefit of an organization being small is

Brand recognition

Lower prices

Greater choice

Greater motivation

15.

Which of the following is a benefit to an organisation being large?

Cost control

Market leader status

Government aid

Flexibility

100 %

Economics

Total questions: 15

Worksheet time: 9mins

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