Which one of the following is the most likely disadvantage that may arise from the growth in the size of a firm?
NEC preparation 5

Quiz
•
Business
•
10th Grade
•
Medium
JieYing Xiao
Used 3+ times
FREE Resource
10 questions
Show all answers
1.
MULTIPLE CHOICE QUESTION
3 mins • 1 pt
An increase in the size of the marketing budget.
The need to purchase components in large quantities.
Problems in coordinating different parts of the business.
2.
MULTIPLE CHOICE QUESTION
45 sec • 1 pt
"The change in a firm's total revenue that results from employing one additional unit of a resource, when all other factors are kept constant." The statement above describes
marginal product
marginal revenue product
marginal revenue
marginal utility
3.
MULTIPLE CHOICE QUESTION
45 sec • 1 pt
A basic role of entrepreneurs in the economy is to
create dividends for investors in new businesses.
buy and sell the common stocks of new corporations.
take the risks associated with starting new businesses.
show government what new products the economy can produce and sell.
4.
MULTIPLE CHOICE QUESTION
45 sec • 1 pt
Significant barriers to entry exist in which of the following market structures?
Oligopoly only
Monopoly only
Monopolistic competition and monopoly
Oligopoly and monopoly
5.
MULTIPLE CHOICE QUESTION
45 sec • 1 pt
Which one of the following combinations of policy instruments involves only the use of monetary policy measure?
Lower interest rates and a reduction in the exchange rate
Lower interest rates and a budget deficit
Lower taxes and more government spending
6.
MULTIPLE CHOICE QUESTION
45 sec • 1 pt
Supply-side policies are aimed mainly at
reducing the government's budget deficit.
improving the underlying trend rate of economic growth.
combating cyclical unemployment
7.
MULTIPLE CHOICE QUESTION
45 sec • 1 pt
Which best measures a nation's standard of living over time?
Rate of inflation.
Rate of unemployment.
Real income per capita.
Money income per capita.
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