03.06 Building a Better Business Quiz

The Animè Sushi Bar collects data on how many dragon rolls and sashimi are made per hour. Dragon rolls take longer to make than sashimi. What might explain the difference in production between Week 1 and Week 2? A. Adding a chef B. Buying more ingredients C. Closing a work station D. Using more fish

A. Adding a chef

The Custom Halloween Company purchases a new sewing machine to replace an older machine with limited capabilities. The first week the new machine is used production nearly doubles. Which economic principle does this illustrate? A. The impact of capital investments B. The law of diminishing returns C. The law of supply and demand D. The risk of an investment vehicle

A. The impact of capital investments

In general, what kind of people earn the most money? A. People with skills that are in high demand and high in supply B. People with skills that are in high demand but low in supply C. People with skills that are in low demand and low in supply D. People with skills that are in low demand but high in supply

B. People with skills that are in high demand but low in supply

What can a business do to improve its productivity? A. Lower salaries B. Reduce its workforce C. Sell assets D. Invest in capital

D. Invest in capital

A construction company has 12 workers who are paid minimum wage. The company wants to reduce costs because there is less work. Which option would be more effective? A. Have the workers work more quickly B. Hire workers who are not as skilled C. Reduce the amount workers are paid D. Select several workers to be laid off

D. Select several workers to be laid off