
Chapter 19
Presentation
•
Business
•
10th Grade
•
Practice Problem
•
Medium
Rugnesvaran Paramasivan
Used 4+ times
FREE Resource
7 Slides • 10 Questions
1
Chapter 19
Costs, scale of production and break even analysis
2
Poll
what are the costs involved when opening new businesses?
Fixed cost
variable cost
Total cost
Average cost
3
Multiple Choice
1.What is the formula to calculate profit?
Revenue - Cost
Revenue - Fixed cost
Revenue - variable cost
revenue + Cost
4
Multiple Choice
1.What is meant by average cost?
Total cost / Fixed cost
Fixed cost/ total cost
Total cost/Total output
Total output/total cost
5
Open Ended
what can you say about 'cost management'?
6
Cost management
minimize the cost in order to maximize profit
7
Multiple Choice
which is NOT an example of fixed cost?
insurance
salaries
Tax
Advertising
8
Fixed cost vs Variable cost
tax
office supplies
wages
raw materials
Variable cost
rent
salaries
insurance
advertising
bank charges
utilities
Fixed cost
9
Poll
How cost data information can be used to help make business decision?
deciding on the best location
Deciding whether to stop production or continue
setting price
10
Fill in the Blanks
11
Open Ended
Can you list down FIVE economies of scale
12
Purchasing | Marketing | financial | Managerial | Technical |
|---|---|---|---|---|
|
|
|
|
|
13
Multiple Choice
Which is NOT type of diseconomies of scale?
poor communication
lack of commitment from employees
High marketing cost
weak coordination
14
Poor communication | Lack of commitment from employees | Weak coordination |
|---|---|---|
|
|
|
15
Fill in the Blanks
16
17
Break event charts
They are constructed assuming that all units being produced are sold.
Fixed costs may not always be fixed
Disadvantages
able to read the expected profit or loss
can change the cost and revenue and redraw the graph
able to calculate margin of safety
Advantage
Chapter 19
Costs, scale of production and break even analysis
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