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Chapter 1&2

Total questions: 14

Worksheet time: 7mins

Name
Class
Date
1.

A false advertisement about low fat/sugar free product deceiving customer under ethical issues of

a)

Fairness & Honesty

b)

Organizatinal Relationships

c)

Conflict of Interest

d)

Communications

2.

"Bribery is a must and acceptable in some culture"

What kind of factors effecting ethical behaviour is involved here?

a)

Individual Factors

b)

Social Factors

c)

Oppurtunity as a Factor Affecting Ethics

3.

Ethical guidelines by Malaysia External Trade Development Corporation (MATRADE) in Malaysia is categorized under

a)

Goverment's Role

b)

Trade Associations Role

c)

Individual Companies' Role

4.

"Business should emphasize not only profits but also the impact of its business decisions on society"


This is a view of social responsibility under_

a)

The Economic Model

b)

The Socioeconomic Model

5.

A product without a good and complete information labelled on it is violating the consumers' right to

a)

Safety

b)

Be informed

c)

Choose

d)

Be heard

6.

"Aviation emission contribute to global warming " this action also contribute to

a)

Air pollution

b)

Water pollution

c)

Land pollution

7.

Labor used in the production process is known as one of the

a)

systems

b)

activities

c)

resources

8.

Economic indicators used to measure economic performance

a)

Gross Domestic Product (GDP)

b)

Consumer Price Index (CPI)

c)

Unemployment rate

9.

Type of economic system where the government makes all the decision & own all resources

a)

Command System

b)

Market System

c)

Islamic Economic System

d)

Mixed Economy

10.

Hotels & homestays are categorized under _ business

a)

manufacturing

b)

marketing intermediaries

c)

service

11.

Trucks, machines, computer are examples of _ resource

a)

land

b)

labor

c)

capital

d)

entrepreneurship

12.

Phase of a business cycle where GDP is at the highest level

a)

Peak

b)

Recession

c)

Deflation

d)

Hyperinflation

13.

Macroeconomics is the study of the

a)

individuals and business decision making

b)

economy as a whole or in aggregate (in total)

c)

focus on the increase in the price of specific product

d)

focus on the increase in the price of all goods & services in the country

14.

Which economic system use decentralized decision making and has a private ownership?

a)

Command System

b)

Market System

c)

The Mixed Economy