Business Studies

It refers to a body with power to make and enforce laws within a state or over certain groups of people.

• Business

• Government

• Shareholders

• Stockholders

Which is NOT a reason why government intervene in the economy?

• To protect individuals and groups

• To provide essential industries and services

• To control all business establishments

• To help the economy to run smoothly and to protect employment

Which is NOt an impact of government intervention?

• Governments create laws about how goods can be produced.

• Government import tariffs influence what is to be produced.

• Government spending on defence does not provide incentives for companies.

• Government taxes and subsidies discourage some methods of production.

Business cycle is also known as

• Enterprise cycle

• Full cycle

• Trade cycle

• Downturn

Which DOES NOT belong to the group?

• Boom

• Recess

• Slump

• Recovery

In a business cycle, "boom" is one of the cycles. Which is an indicator of an economic "boom?"

• output falls

• businesses do badly

• wages and prices rise

• national income drops for at least 2 quarters

Because of the pandemic Covid 19, the world economies are heading into a

• slump

• recession

• boom

• growth

It refers to the cost of borrowing money normally charged by the lenders to borrowers.

• interest rate

• profit

• tariff

• subsidy

The picture is about...

• Water Pollution

• Air Pollution

• Soil Pollution

• Sustainable development

The picture is an example of a toll road. Which is a possible social benefit of this business establishment?

• noise pollution

• climate change

• creation of jobs

• water pollution