Font size
WorksheetsBusiness (1-3)
Total questions: 22
Worksheet time: 11mins
Macroeconomics is the study of
individuals and business decision making
economy as a whole or in aggregate (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
Labor used in the production process is known as one of the
systems
activities
resources
Ethical guidelines by Malaysia External Trade Development Corporation (MATRADE) in Malaysia is categorized under
Goverment's Role
Trade Associations Role
Individual Companies' Role
Trucks, machines, computer are examples of _ resource
land
labor
capital
entrepreneurship
Which economic system use decentralized decision making and has a private ownership?
Command System
Market System
The Mixed Economy
Phase of a business cycle where GDP is at the highest level
Peak
Recession
Deflation
Hyperinflation
"Aviation emission contribute to global warming " this action also contribute to
Air pollution
Water pollution
Land pollution
Sound pollution
A product without a good and complete information labelled on it is violating the consumers' right to
Safety
Be informed
Choose
Be heard
A false advertisement about low fat/sugar free product deceiving customer under ethical issues of
Fairness & Honesty
Organizatinal Relationships
Conflict of Interest
Communications
"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
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
"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
A person can have a pride of ownership but limited management skills
Soleproprietorship
Partnership
Corporation
Franchising
Partnership agreement includes:
the personal assets of the partners can be taken to settle of the debts of the business
profits and losses of the partnership are shared among all partners
explain the terms of the partnership
in written agreement only
Forming a corporation:
shareholder's right is either in ordinary shareholder or preference shareholders
incorporated as domestic or foreign corporation
shareholders have unlimited liability
no legal procedures are required
Franchise is
a license to operate an individually owned business
involved by franchisor who grants a franchise
involved by franchisee who purchases a franchise
independently owned and operated for profit
Franchising is designed to provide a tested formula for success, along with ongoing advice and training. These are types of franchising:
Brand-name item
License distributors
Production or distribution service
Indepently owned and operated for profit and is not dominant in its field
Small business
Partnership
Soleproprietorship
"I think it's good to start with small business" Why is that?
Personal relationships with customers and employees
Simplified record keeping
Losses are shared
Limited liability
Industries that attract small business
Distribution industries
Service industries
Production industries
Brand-name item
Which of the following are the categories covered by major consumerism forces in Malaysia?
Environment
Product performance
Information disclosure
