MOB UNIT ONE

1. Government's payment to domestic producers, in the form of a tax relief, is known as a

• Tariff

• Quota

• Subsidy

• Corporate tax

2. In which of the following levels of production would bottling water fall?

• Primary

• Tertiary

• Secondary

• Subsistence

Which of the following is NOT a decision making tool?

• Decision tree

• Qualitative data

• Cost benefit analysis

• Critical path analysis

A firm practices ethical behaviour when it

• recalls a specific batch of products because of flaws in a few

• places more emphasis on social responsibilities over profits

• delays paying its supplier in order to improve its liquidity position

• pays large salaries to its executives during a redundancy execise

A & B Electronics is in the business of providing internet and cellular phone services. In which of the following economic activities is A & B involved?

• Tertiary

• Primary

• Secondary

• Elementary

What stage of the decision-making process should follow after a course of action is determined?

• Evaluation

• Implementation

• Problem analysis

• Formulation of alternatives

The introduction of the CSME has provided numerous opportunities to Caribbean territories including

i. removal of trade barriers

ii. free movement of capital

iii. repayment of foreign debt

• I and II only

• I and III only

• II and III only

• I, II and III

One benefit of multinational corporations to the host country is

• better knowledge of consumers' taste

• increased foreign exchange earnings

• better access to local natural resources

• lower transportation costs for the finished product

The benefits which many large firms enjoy over smaller firms are referred to as

• economies of scale

• economic wellness

• profit maximization

• goodwill of the firm

President Lewis is concerned that although the business strategy adopted promised to make the company profitable, the business operations could have a negative impact on the community.

With which of the following issues is the president MAINLY concerned?

• Legal

• Ethical

• Political

• Financial