Business School 101 Quiz

Business School 101 Quiz

Assessment

Interactive Video

Business

10th - 12th Grade

Hard

Created by

Jennifer Brown

FREE Resource

10 questions

Show all answers

1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What are the two key concepts introduced in Business School 101 for understanding global expansion?

Product development and customer service

Learning effects and economies of scale

Supply chain management and marketing strategies

Financial accounting and human resources

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

How do learning effects benefit companies over time?

By increasing the number of products sold

By expanding into new markets

By increasing the price of goods

By reducing production costs through improved efficiency

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What does the learning curve effect demonstrate?

The increase in production costs over time

The constant labor hours required per unit

The decrease in labor hours required per unit as production increases

The increase in labor hours with more production

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is an example of a fixed cost in economies of scale?

Advertising costs

Labor wages

Raw material costs

Research and development expenses

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Which type of economies of scale is achieved through bulk purchasing?

Technical economies of scale

Purchasing economies of scale

Financial economies of scale

External economies of scale

6.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

How can a company achieve technical economies of scale?

By investing in advanced technology

By hiring more employees

By reducing product prices

By increasing marketing efforts

7.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is a key difference between learning effects and economies of scale?

Learning effects focus on human capital, while economies of scale focus on financial capital

Learning effects are more important in large companies

Economies of scale are only applicable to manufacturing industries

Learning effects are irrelevant in modern business

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