Question

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A computer game that can be purchased online and played right away has good ___ utility

form
info
value
time*

Hours of labor or number of workers are common ways of measuring a company's ___

division of labor*
productivity
use of technology
diminishing returns

Answer 1

A company's ___ tells you how much money the company has left over subtracting all expenses

net profit
gross profit*
revenue
cost of goods sold

___ is the ability of a product to satisfy a customer.

economic utility*
value
purchasing power
outsourcing

Answer 2

Which of the following is a variable cost for a company that makes bread?

the rent for a warehouse
bread ingredients*
an oven
a salaried worker

If your company has a large production related task such as assembling an airplane, what strategy could help you increase productivity

generalization*
decreasing your use of technology
raising prices
division of labor

Answer 3

Which of the following is a fixed cost for a company that sells greeting cards online and mails printed cards to customers?

the paper and glue to make cards
hourly workers who assemble and ship cards
packaging and shipping costs
a paper cutting machine