1.) A computer game that can be purchased online and played right away has good ______ utility.
A. Form
B. Value
C. Time
D. Information
2.) Hours of labor or number of workers are common ways of measuring a company's _________?
A. Diminishing returns
B. Division of Labor
C. Productivity
D. Use of technology
3.) A company's _______ tells you how much money the company has left over after subtracting all expenses.
A. Gross Profit
B. Revenue
C. Cost of goods sold
D. Net profit
4.) ______ is the ability of a product to to satisfy a customer
A. Value
B. Outsourcing
C. Purchasing power
D. Economic Utility
5.) Which of the following is a variable cost for a company that makes bread
A. An oven
B. Bread ingredients
C. The rent for a warehouse
D. A salaried worker
6.) If your company has a large production-related task, such as assembling an airplane, what strategy could help you increase productivity.
A. Division of labor
B. Decreasing your use of technology
C. Raising price
D. Generalization
7.) Which of the following is a fixed cost for a company that sells greeting cards online and mails the printed cards to customers
A. Hourly workers who assemble and ship the cards
B. A paper cutting machine
C. The paper and glue to make the cards
D. Packaging and shipping costs
8.) Which type of utility can only be added by the maker of the product
A. Place Utility
B. Time Utility
C. Form Utility
D. Possession Utility