WorksheetsUnit 2 Cost and Profit
Total questions: 10
Worksheet time: 5mins
An example of a cost of goods or services sold for a house painting company would be
Flyers to promote the company
Fuel for the van
Paint
A van to travel to people's homes
If your company has a large production-related task, such as assembling an airplane, what strategy could help you increase productivity?
Decreasing your use of technology
Raising prices
Generalization
Division of labor
For a company that sells greeting cards online and mails the printed cards to customers, a fixed cost would be
The paper and glue to make the cards
Hourly workers who assemble and ship the cards
Packaging and shipping costs
A paper cutting machine
A way to increase possession utility for a refrigerator could be by
Providing a delivery service
Expanding the store hours
Making a Web site with information about the product
Creating brochures about the product
The process when your company buys a car, and its value goes down over time is known as
Leasing
Depreciation
A unit of sale
Interest
The law of diminishing returns is often used to analyze the ideal amount of which factor of production?
Capital
Land
Labor
Entrepreneurship
The amount of money a company has left over once all expenses have been subtracted is known as
Net profit
Revenue
Gross profit
Cost of goods sold
A type of utility that can only be added by the maker of the product is known as
Time utility
Place utility
Form utility
Possession utility
The common measurement that can describe the hours of labor or the number of workers for a company is known as
Division of labor
Use of technology
Diminishing returns
Productivity
The type of goods utility in which a computer game can be purchased and played right away is known as
Time
Value
Information
Form
