Practice High Initial Investment (4.4.2) - Automation at Workplaces - ICSE 11 Business Studies

Practice: High Initial Investment

Lesson 4.4.2Automation at Workplaces

Practise this section

9 questions

Flashcard drill
2 cards from this section. Quick, good the night before a test.
Exercise
6 questions · about 4 min · pass mark 70%. Hints available.
Sign up to start the exercise
Quiz
3 questions · about 2 min · pass mark 70%. Hints available.
Sign up to start the quiz

6 sample questions

Question 1.
What does high initial investment refer to?
Show hintHide hint
Think about the costs involved when starting automation.
Question 2.
Why might small businesses struggle with high initial investments?
Show hintHide hint
Consider what resources smaller companies generally have.
3Question 3.
High initial investment refers to the:
- Low costs of automation
- Large upfront costs
- Ongoing expenses
Show hintHide hint
Think about the setup phase of automation.
4Question 4.
True or False: Small businesses generally find it easier to manage high initial investments.
- True
- False
Show hintHide hint
Consider the financial capacity of smaller companies.
Question 5.
A small manufacturing firm has to decide whether to invest in a new automated production line. The initial cost is $500,000. They expect average annual savings of $150,000. How many years will it take to recover the investment?
Show hintHide hint
Consider how to calculate the return on the investment over time.
Question 6.
Discuss how an initial investment in automation might reflect on an entire industry’s competitiveness in a global market.
Show hintHide hint
Think about scaling and operational advantages as reasons to invest.

5 more questions in this section. Enroll free to practise them all.