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LESSON
4th Small Firms
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10th - 11th grade
Business
an hour ago by
32 slides

4th Small Firms

Body text
Q.

Which of the following is not a suitable method for measuring the size of a firms?

answer choices

The number of employees

the size of the profit

the amount of capital employed

the size of turnover

Q.

Which of the following is not an advantage of a small firm?

answer choices

Better communication

flexibility

economies of scale

a personal service can be offered

Q.

Which of the following is a disadvantage of small firms?

answer choices

economies of scale

lack of finance

too bureaucratic

poor worker motivation

Q.

An example of Organic growth is

answer choices

Merger

Launching new products

Acquisition

Takeover

Q.

A merger is

answer choices

One business taking over control of another business

One business buying shares in another business

Two business agreeing to becoming one new business

Two businesses co operating with each other.

Q.

Economies of scale are gained when a business...

answer choices

decreases it's production and causes an increase in average production costs

increases it's production and causes a decrease in average production costs

maintains production levels and causes an increase in average production costs

increases it's production and causes an increase in average production costs

Q.

Diseconomies of scale occurs when a business...

answer choices

becomes too large to run effectively and efficiently.

grows larger and manages their operations effectively.

grows slowly and maintains growth.

becomes very large but still manages to run effectively.

Q.

Examples of capital-intensive industries include:

answer choices

Manufacturing

Soft-drink production

Hospitality

Oil extraction

Q.

Examples of labour-intensive industries include:

answer choices

Manufacturing

Teaching

Sports coaching

Psychiatry

Q.

What does CAD stand for?

answer choices

Code and Design

Computer Aided Design

Create and Design

Craft and Design

Q.

What does CAM stand for?

answer choices

Carefully Added Material

Computer Aided Manufacture

Computer Aided Making

Careful Addition Manufacture

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