SLS ONLINE QUIZ COMPETITION - SENIOR BUSINESS

Which of the following determinants of supply cannot be predicted easily?

• Price of the commodity

• New techniques of production

• National emergencies

• Mobility of labour

A reserve is an amount---

• set aside from profit for an unknown liability

• of

  loss from trading activities

• of profit from trading activities

• set aside from

  profit for specific purpose

Which of the following does not belong to the group?

• A proprietor of a business

• an

  entrepreneur

• An investor

• A debtor

One of the factors that make human capital efficient is ………

• threat

• training

• penalty

• none of the above

If the quantity demanded of a commodity increases from 20 units to 30 units when

there is an increase in price from $4.00 to $5.00, the elasticity of demand is …

• 2.00

• 0.50

• 0.65

• 2.50

Human capital productivity is influenced by ……..

• price, cost and inflation

• price, cost and trade

• social, economic and political environment

• social,

  economic and cost

Which of the following determinants of supply cannot be predicted easily?

• Price of the commodity

• New techniques of production

• National emergencies

• Mobility of labour

The slope of a supply curve is-------------------

• horizontal

• uniform

• positive

• vertical

The arrangement for the conveyance of goods abroad is performed by the ___________

• ports authority

• customs and excise authority

• chamber of commerce

• clearing and forwarding agents

Which of the following factors is not to be considered in starting a retail trade?

• Size of the business

• Nature of business

• Amount of capital required

• Level of tax payable