Economies And Diseconomies Of Scale
- 1.Economics of scale can be defined as
- A.
The cost of production
- B.
The price paid to other businesses for raw materials
- C.
The money lost as a business increases the levels of production
- D.
The money saved as a business increases their production
- 2.All of the following are internal economies of scale EXCEPT
- A.
Managerial
- B.
Productivity
- C.
Financial
- D.
Technical
- 3.How many external economies of scale are there
- A.
1
- B.
2
- C.
3
- D.
4
- 4.R&D stands for
- A.
Ride and die
- B.
Research and Development
- C.
Reap and dump
- D.
Research and developing
- 5.The use of waste materials means;
- A.
What can be made from these waste materials
- B.
How they are disposed
- C.
How much money you can make from them
- D.
How they can be reused by another business to make money
- 6.Diseconomies of scale is known as
- A.
How badly a business fails
- B.
The amount of money lost when a business increases production
- C.
The amount of money lost when a business decreases production
- D.
How much money is gained when production increases
- 7.Which of the following is an internal diseconomies of scale
- A.
Technical
- B.
Supervisors
- C.
Managerial
- D.
Welfare
- 8.Which of the following is an external diseconomies of scale
- A.
Cost of raw materials
- B.
Agglomeration
- C.
External Capacity
- D.
Improved infrastructure
- 9.Logistics Cost means
- A.
The cost of raw materials increases
- B.
The cost of transportation increases
- C.
The cost of raw materials decreases
- D.
The cost of transportation decreases
- 10.Internal economies / diseconomies of scale are
- A.
Things that a business can control
- B.
Things that a business can sometimes control
- C.
Things that a business cannot control
- D.
Things that a business can never control
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