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Worksheetscheckpoint 3 revesion
Total questions: 16
Worksheet time: 12mins
The process where a business makes goods or provides services, is known as
production
input
output
add value
What type of resources consist of assets e.g. machinery, buildings, tools and money?
rew materiał
capital
human resources
natural resources
What is a benefit of productivity?
Value-added input is created
Increased output with minimal input
Decreased output with maximum input
Output is part of the production process
One of the responsibilities of the production department is to buy the necessary inputs for the production process.
Production and planning
Purchasing and stock control
Design and technical support
Which business department helps computer system
IT department
finance department
Human Resources
Marketing
Which method of production is used when customers place unique orders with different requirements?
(a) Job production
Batch production
Market production
Flow production
What type of business cost(s) remain the same regardless of output?
(a) Fixed costs
Variable costs
Average cost
Total cost
What does it mean to add value to products?
increase the break-even point
To increase the costs of a product
To increase the worth and usefulness of a product
To increase the number of products made
What is a benefit of producing good quality products?
Reduced sales
n
Good reputation
ncreased competition
bad reputation
Eazy Electronics produces 10,000 mobile phones per day and employs 20 workers.
What is the labour productivity for Eazy Electronics?
20
500
5000
10000
Rent
20,000
Internet
2,000
Phone line
1,000
Hourly wages
100,000
Raw materials
40,000
Salaries
250,000
Calculate the total fixed costs.
62000
163000
273000
300000
A factory makes 100,000 bars of chocolate with a total variable cost of AED 200,000.
Calculate the variable cost per unit.
1
2
4
3
Trendy Office Factory made 3,000 desks last month. The total fixed costs are AED 250,000 and the total variable costs are AED 150,000.
Calculate the total cost of production for Trendy Office Factory.
400000
550000
650000
1050
Gulf Snacks company made AED 300,000 in sales revenue last month. Total costs are AED 400,000.
Choose the correct statement.
The business made a profit of AED 100,000.
The business made a loss of AED 100,000.
The business made a profit of AED 300,000.
The business made a loss of AED 300,000
The cinema sells popcorn for AED 5 per box. The variable cost for each box is AED 1. The fixed costs are AED 2,0000.
What is the contribution per unit?
4
8
9
3
Ajman Electronics makes electronic tablets. The selling price of each tablet is AED 500. The variable cost per table is AED 200. Fixed costs are AED 6,000. The contribution per unit is AED 300.
What is the break-even point?
40
50
30
20
