Chipotle's Labor Costs and Pricing_2023_WSJ

Chipotle's Labor Costs and Pricing_2023_WSJ

12th Grade

10 Qs

quiz-placeholder

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Chipotle's Labor Costs and Pricing_2023_WSJ

Chipotle's Labor Costs and Pricing_2023_WSJ

Assessment

Quiz

Social Studies

12th Grade

Medium

Created by

DA Hershberger

Used 9+ times

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10 questions

Show all answers

1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Starting from April, what will be their new hourly minimum wage?

$15.50

$16

$17

$20

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

How much will Chipotle's labor costs increase in California on average due to the new law?

5% to 10%

10% to 15%

15% to 20%

20% to 25%

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is the second-highest cost at Chipotle restaurants?

Rent

Utilities

Labor

Food

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

How much will Chipotle increase menu prices in California?

1% to 2%

2% to 4%

4% to 6%

6% to 8%

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is the current increase in Chipotle's labor costs compared to the prior-year period?

5%

10%

15%

20%

6.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is the expected increase in Chipotle's overall labor costs next year due to the new law?

1% to 2%

2.5% to 3%

3% to 4%

4% to 5%

7.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is the impact of the labor cost increase on Chipotle's economics?

Negligible

Significant

Minimal

No impact

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