BT Ch-2 Business Env.

The political environment is of particular importance in …………………………………. Trades.

• Domestic

• International

• Barter

• None of the above

The …………………………………………….. Was set up to promote free trade and resolve disputes between trading partners.

• European union

• Asian Trade

• Euro Zone

• World Trade Organization.

The theory of comparative advantage suggests that free trade is the best way to promote global economic growth and, by implication, domestic prosperity. People should be free to buy and sell goods and services anywhere in the world.

• True

• False

Retirement ages for men and women are being …………………………. In UK.

• Different

• Subject to their health and condition

• Equalized

• None of the above.

Organization offer and encourage retirement on the following reasons. State the one incorrect.

A. Promotion opportunities for younger workers

B. Earlier retirement is an alternative to redundancy

C. The age structure of an organization become unbalanced

D. The cost of providing pensions rise with age.

E. None of the above

• C

• B

• E

• A

When an employee leaves the organization it is important to ……………………………………………

A. To have a farewell party

B. To gave him a certification of its work.

C. To take advice from his experience

D. To take an exit interview to find out the reason of exit.

• A

• B

• C

• D

The period of notice required for the employee to leave the job should be set out in the………………………………..

• Notice board of the company

• Should be on the desire of the worker

• Contract of employment

• None of the above

The European Union operates a single European market, allowing for the free movement of labor, goods and services, and free competition.

• True

• False

. The termination of an employee contract by the employer is not considered as dismissal in UK.

• True

• False

………………………………… is a dismissal when the worker quit the job due to the employer conduct breach the employment contract.

• Redundancy

• Voluntarily dismissal

• Constructive dismissal

• Arbitrary dismissal