
Economics
Authored by JAMES AWODI
Other
10th Grade
Used 2+ times

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50 questions
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1.
FILL IN THE BLANK QUESTION
30 sec ⢠1 pt
2.
MULTIPLE SELECT QUESTION
30 sec ⢠1 pt
Select all the advantages of a flat organisational structure.
Decisions can be made more quickly.
Suited to long-term growth and expansion.
Improves speed of communication between employees.
Improves coordination between employees.
Employees tend to become specialized.
3.
FILL IN THE BLANK QUESTION
30 sec ⢠1 pt
Which diagram illustrates elastic supply?
4.
MULTIPLE SELECT QUESTION
30 sec ⢠1 pt
Select all the advantages of a tall organisational structure.
It is clear who is responsible for which tasks.
Promotion opportunities are available for employees.
Employees tend to become specialized.
Reduced bureaucracy, making the organisation more adaptable to changes.
Increased cooperation and communication between departments.
5.
MULTIPLE CHOICE QUESTION
30 sec ⢠1 pt
Select the correct key term for the following definition:
The route by which instructions and communications flow from the top to the bottom of a business, explaining who is answerable to whom.
Span of control
Delayering
Chain of command
Delegation
Subordinates
6.
MULTIPLE CHOICE QUESTION
30 sec ⢠1 pt
A market describing the trade of items that are needed in the production process i.e. land, labour, capital.
Factor Market
Product Market
7.
MULTIPLE CHOICE QUESTION
30 sec ⢠1 pt
What makes a resource or good scarce?
Must be limited in quanity
Must be desirable
Must have more than one use
All of these answers.
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