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Q 1/11
Score 0
A business content to achieve sufficient profit to maintain investor confidence is adopting
45
The managerial objectives principle
The satisficing principle
The profit maximisation principle
The revenue maximisation principle
Q 2/11
Score 0
A business which produces and then sells an output where MR = 0 is seeking to maximise
45
Sales revenue
Productive efficiency
Managerial satisfaction
Marginal profit
11 questions
Q.
A business content to achieve sufficient profit to maintain investor confidence is adopting
1
45 sec
3.2.1d
Q.
A business which produces and then sells an output where MR = 0 is seeking to maximise
2
45 sec
3.2.1b
Q.
In which circumstance will a firm cease production in the short run?
3
45 sec
3.3.4
Q.
Which of the following is a barrier to entry into an imperfectly competitive market?
4
45 sec
3.4.7
Q.
Senior managers at RBS were criticised for losses made by traders at their bank. This is an example of
5
45 sec
3.1.1
Q.
What is likely to make it more difficult for a small firm to survive?
6
45 sec
3.4.7
Q.
Firms can grow internally (organically) or externally (inorganically). Which strategy is an example of a bank growing internally?
7
45 sec
3.1.2
Q.
What is an internal diseconomy of scale that often arises as a firm becomes larger?
8
45 sec
3.3.3
Q.
A firm is operating under the condition of perfect competition. The market price is below the firm's average variable cost. The immediate response of this firm will be to
9
45 sec
3.3.4
Q.
Which of these might act to constrain business growth?
