IGCSE Business Chapter 18 Review

Quiz
•
Business
•
10th - 11th Grade
•
Medium
Emma Jones
Used 36+ times
FREE Resource
48 questions
Show all answers
1.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
The making of a product or service is known as
production
Input
Output
Production department
2.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
A business combines inputs to make products or services.
True
False
3.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
the difference between the selling price of a product and the cost of the materials used to make it.
inputs
outputs
added value
4.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
The aim of the business is to produce value-added outputs that are worth more than its inputs.
True
false
5.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
The advantage of Just In Time Production is ...
need so many spaces
need much storage
less space
more planning
less training requirement
6.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Is the following sentences True or False?
Just In Time depends on harmonious partnership between a company and its suppliers.
True
False
7.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
One of the benefits of increasing productivity is:
more workers will be employed
total production will increase with the same number of workers
average costs will remain the same
fewer raw materials will be needed to produce the same level of output
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