All Courses
Get the App Signup / Login
Sign in Open App
Year 11 Exam  >  Year 11 Tests  >  Test: Costs, Break-even & Production Scale - Year 11 MCQ

Test: Costs, Break-even & Production Scale - Year 11 MCQ


Test Description

10 Questions MCQ Test - Test: Costs, Break-even & Production Scale

Test: Costs, Break-even & Production Scale for Year 11 2024 is part of Year 11 preparation. The Test: Costs, Break-even & Production Scale questions and answers have been prepared according to the Year 11 exam syllabus.The Test: Costs, Break-even & Production Scale MCQs are made for Year 11 2024 Exam. Find important definitions, questions, notes, meanings, examples, exercises, MCQs and online tests for Test: Costs, Break-even & Production Scale below.
Solutions of Test: Costs, Break-even & Production Scale questions in English are available as part of our course for Year 11 & Test: Costs, Break-even & Production Scale solutions in Hindi for Year 11 course. Download more important topics, notes, lectures and mock test series for Year 11 Exam by signing up for free. Attempt Test: Costs, Break-even & Production Scale | 10 questions in 20 minutes | Mock test for Year 11 preparation | Free important questions MCQ to study for Year 11 Exam | Download free PDF with solutions
Test: Costs, Break-even & Production Scale - Question 1
Save

What type of costs increase or decrease directly with the level of production?

Detailed Solution for Test: Costs, Break-even & Production Scale - Question 1
Variable costs vary directly with the level of production. As production increases, variable costs also increase proportionately.
Test: Costs, Break-even & Production Scale - Question 2
Save

In economies of scale, which of the following statements is true?

Detailed Solution for Test: Costs, Break-even & Production Scale - Question 2
Economies of scale occur when average costs decrease as production levels increase due to factors such as bulk purchasing and specialization.
1 Crore+ students have signed up on EduRev. Have you? Download the App
Test: Costs, Break-even & Production Scale - Question 3
Save

Diseconomies of scale are likely to occur due to:

Detailed Solution for Test: Costs, Break-even & Production Scale - Question 3
Diseconomies of scale result from inefficiencies that arise when an organization becomes too large, leading to increased average costs.
Test: Costs, Break-even & Production Scale - Question 4
Save
A break-even chart shows the relationship between:
Detailed Solution for Test: Costs, Break-even & Production Scale - Question 4
A break-even chart illustrates the relationship between sales revenue and total costs, identifying the point at which total costs equal total revenue.
Test: Costs, Break-even & Production Scale - Question 5
Save
Break-even analysis helps businesses determine:
Detailed Solution for Test: Costs, Break-even & Production Scale - Question 5
Break-even analysis calculates the level of production or sales needed to cover all costs, indicating the minimum amount of activity required to avoid losses.
Test: Costs, Break-even & Production Scale - Question 6
Save
Which of the following is a limitation of break-even analysis?
Detailed Solution for Test: Costs, Break-even & Production Scale - Question 6
Break-even analysis assumes that fixed costs remain constant, which may not always be the case in practice, limiting its accuracy in dynamic business environments.
Test: Costs, Break-even & Production Scale - Question 7
Save
What is a characteristic of fixed costs in break-even calculations?
Detailed Solution for Test: Costs, Break-even & Production Scale - Question 7
Fixed costs remain constant in total regardless of the level of production or sales, affecting the break-even point calculations.
Test: Costs, Break-even & Production Scale - Question 8
Save
Economies of scale are primarily driven by:
Detailed Solution for Test: Costs, Break-even & Production Scale - Question 8
Economies of scale are achieved through increased specialization, which allows businesses to reduce average costs as production levels increase.
Test: Costs, Break-even & Production Scale - Question 9
Save
What factor is likely to contribute to diseconomies of scale?
Detailed Solution for Test: Costs, Break-even & Production Scale - Question 9
Diseconomies of scale often result from increased bureaucracy and inefficiencies as organizations grow larger, leading to higher average costs.
Test: Costs, Break-even & Production Scale - Question 10
Save
Break-even analysis is useful for determining:
Detailed Solution for Test: Costs, Break-even & Production Scale - Question 10
Break-even analysis helps businesses assess profitability at different sales volumes, aiding in decision-making related to pricing and sales strategies.
Information about Test: Costs, Break-even & Production Scale Page
In this test you can find the Exam questions for Test: Costs, Break-even & Production Scale solved & explained in the simplest way possible. Besides giving Questions and answers for Test: Costs, Break-even & Production Scale, EduRev gives you an ample number of Online tests for practice

Top Courses for Year 11

Download as PDF

Top Courses for Year 11

Important Questions for Costs, Break-even & Production Scale

Find all the important questions for Costs, Break-even & Production Scale at EduRev.Get fully prepared for Costs, Break-even & Production Scale with EduRev's comprehensive question bank and test resources. Our platform offers a diverse range of question papers covering various topics within the Costs, Break-even & Production Scale syllabus. Whether you need to review specific subjects or assess your overall readiness, EduRev has you covered. The questions are designed to challenge you and help you gain confidence in tackling the actual exam. Maximize your chances of success by utilizing EduRev's extensive collection of Costs, Break-even & Production Scale resources.

Costs, Break-even & Production Scale MCQs with Answers

Prepare for the Costs, Break-even & Production Scale within the Year 11 exam with comprehensive MCQs and answers at EduRev. Our platform offers a wide range of practice papers, question papers, and mock tests to familiarize you with the exam pattern and syllabus. Access the best books, study materials, and notes curated by toppers to enhance your preparation. Stay updated with the exam date and receive expert preparation tips and paper analysis. Visit EduRev's official website today and access a wealth of videos and coaching resources to excel in your exam.

Online Tests for Costs, Break-even & Production Scale

Practice with a wide array of question papers that follow the exam pattern and syllabus. Our platform offers a user-friendly interface, allowing you to track your progress and identify areas for improvement. Access detailed solutions and explanations for each test to enhance your understanding of concepts. With EduRev's Online Tests, you can build confidence, boost your performance, and ace Costs, Break-even & Production Scale with ease. Join thousands of successful students who have benefited from our trusted online resources.
© EduRev
Education Revolution
Signup to see your scores go up within 7 days!
Access 1000+ FREE Docs, Videos and Tests
Takes less than 10 seconds to signup