Worksheetseconomics -organisations
Total questions: 10
Worksheet time: 8mins
UNION is a large bank. Which TWO of the following would be classified as connected
stakeholders for UNION ?
employees
Customers
shareholders
managers and directors
The government banking regulator
Monitoring the principal-agent problem is the responsibility of
A The Government
B The Board of Directors
C The Financial Services Authority
D The Shareholders
The basic economic problem facing all economies is:
A Maximising economic growth
B Unemployment
C Inflation
D Allocating scarce resources
Opportunity cost is:
A The cost of producing one extra unit of the commodity
B The lowest average cost of the commodity
C The total cost of the commodity
D The loss of the next best alternative
Which of the following best describes the opportunity cost of a programme of immunisation?
A The actuarial valuation of the lives of those who are protected against the disease
B The cost of the vaccine
C The cost of providing the medical staff
D The work the medical staff cannot undertake as a result of the programme
In a market economy, decisions and choices about resource allocation are determined by:
A The government
B The money markets
C The price mechanism
D A combination of market forces of supply and demand, and government decisions
The sector of the economy which consists of manufacturing industries is the :
A Primary sector
B Secondary sector
C Tertiary sector
D Quaternary sector
Economic growth can achieve all of the following except
A Higher living standards
B The elimination of the economic problem
C Increased public consumption
D Increased private consumption
In economic terms, a good is scarce if it
A Is only available in the shops
B Only exists in small quantities
C Provides consumers with economic welfare
D Commands a price
Company directors are appointed by:
A Auditors
B The Board
C Senior management
D Shareholders
