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WorksheetsChapter 1&2
Total questions: 14
Worksheet time: 7mins
A false advertisement about low fat/sugar free product deceiving customer under ethical issues of
Fairness & Honesty
Organizatinal Relationships
Conflict of Interest
Communications
"Bribery is a must and acceptable in some culture"
What kind of factors effecting ethical behaviour is involved here?
Individual Factors
Social Factors
Oppurtunity as a Factor Affecting Ethics
Ethical guidelines by Malaysia External Trade Development Corporation (MATRADE) in Malaysia is categorized under
Goverment's Role
Trade Associations Role
Individual Companies' Role
"Business should emphasize not only profits but also the impact of its business decisions on society"
This is a view of social responsibility under_
The Economic Model
The Socioeconomic Model
A product without a good and complete information labelled on it is violating the consumers' right to
Safety
Be informed
Choose
Be heard
"Aviation emission contribute to global warming " this action also contribute to
Air pollution
Water pollution
Land pollution
Labor used in the production process is known as one of the
systems
activities
resources
Economic indicators used to measure economic performance
Gross Domestic Product (GDP)
Consumer Price Index (CPI)
Unemployment rate
Type of economic system where the government makes all the decision & own all resources
Command System
Market System
Islamic Economic System
Mixed Economy
Hotels & homestays are categorized under _ business
manufacturing
marketing intermediaries
service
Trucks, machines, computer are examples of _ resource
land
labor
capital
entrepreneurship
Phase of a business cycle where GDP is at the highest level
Peak
Recession
Deflation
Hyperinflation
Macroeconomics is the study of the
individuals and business decision making
economy as a whole or in aggregate (in total)
focus on the increase in the price of specific product
focus on the increase in the price of all goods & services in the country
Which economic system use decentralized decision making and has a private ownership?
Command System
Market System
The Mixed Economy
