Economics

Economics

10th Grade

50 Qs

quiz-placeholder

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Assessment

Quiz

Other

10th Grade

Medium

Created by

JAMES AWODI

Used 2+ times

FREE Resource

50 questions

Show all answers

1.

FILL IN THE BLANK QUESTION

30 sec • 1 pt

Media Image

2.

MULTIPLE SELECT QUESTION

30 sec • 1 pt

Media Image

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

Media Image

Which diagram illustrates elastic supply?

4.

MULTIPLE SELECT QUESTION

30 sec • 1 pt

Media Image

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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