POB Revision 2018 Pt 2

The term 'human resources' refers to:

• material and goods made by human beings

• capital invested by shareholders in a company

• raw materials used in the manufacture of goods

• persons available for productive and professional services

Joseph has decided to leave his homeland of Jamaica to go to the USA in search of a better life. This movement is referred to as:

• 'brain drain'

• early migration

• internal migration

• external migration

Mrs. Brown receives a job offer from a company in Barbados. In order to take up this job, she decides to leave her home country of Trinidad and move permanently to Barbados.

In Trinidad, Mrs. Brown would be referred to as:

• a refugee

• an emigrant

• an immigrant

• a travelling officer

Which of the following are examples of fixed capital?

• Cash balances

• Bank balances

• Plant and machinery

• Stocks of raw material

Productivity can be measured by:

• Inputs/Outputs

• Inputs/Revenue

• Revenue/Outputs

• Outputs/Inputs

In the Caribbean, many people are hired for sugarcane farming and very little equipment is used. This industry can BEST be described as:

• labour intensive

• capital intensive

• having low capital input

• having high capital input

Which of the following commodities is a product of the manufacturing industry?

• A car

• Gold

• Lumber

• A house

In economics, a 'market' is BEST described as:

• the reason for the elimination of barter

• a situation in which buyers and sellers interact

• a place where various types of fruits and vegetables are sold

• the management process responsible for satisfying consumers' demands

Under which of the following conditions is a trade discount used?

• Bulk purchases

• Prompt payment

• Payment by cash

• First-time buyers

The producers of Power Drink promote their drink over Energy Plus Drink in their advertisements. This type of advertisement is referred to as:

• collective

• persuasive

• informative

• competitive