WorksheetsBUSINESS - JC2
Total questions: 24
Worksheet time: 5mins
Define protectionism.
No restrictions or trade barriers exist that might prevent or limit trade between countries.
Limits on the physical quantity of a certain product or service.
Using barriers to free trade to protect a country's own domestic industries.
Why become a multinational company?
Access to local natural resources
Avoid import restrictions
Closer to main markets
Lower costs of production
All of the above
(a) is the increasing freedom of movement of goods, capital, and people around the world.
1. Employment
2. Local firms will be forced to improve their products and services quality
3. Management expertise in the community will slowly improve
4. Tax revenues to the government will increase
The followings are:
Benefits of free trades to MNCs
Benefits of imposing tariffs
Benefits of MNCs to host countries
Benefits of privatization
A book printing company merges with a famous book store in town.
Horizontal integration
Vertical integration
Forward vertical integration
Backward vertical integration
Conglomerate integration
The ability to spread advertising and marketing budget over an increasing output.
Marketing economies of scale
Marketing research
Economies of scale
Marketing budgeting
Substitute goods
Luxury goods
Complementary goods
Food!
- Limited choice of products
- Less investment in new products
- Complacency of firms
- No incentive for the firm to lower costs and improve efficiency
The above are the drawbacks of ___________.
Social audits
Monopolies
Oligopolies
MNCs
_________________ assess the impact of a business's activities on the society - pollution levels, health and safety record, contribution to communities, etc.
Environment audits
Employment audits
Social audits
Cost-benefit audits
Pressure groups can be both at national and international levels.
True
False
Normal goods
Inferior goods
Complementary goods
Substitute goods
Political parties
Business players
Pressure groups
Social groups
Common macroeconomic objectives
Economic growth, balance of payment, low inflation, low unemployment
Economic growth, healthy balance of payment, low inflation, low unemployment
Economic growth, healthy balance of payment, inflation, unemployment
Economic growth, balance of payment, inflation, low unemployment
The business life cycle
The product life cycle
The unemployment cycle
The business life cycle
The product life cycle
The unemployment cycle
Inflation
Deflation
The following are characteristics of ____________.
Recession
Growth
Boom
Crisis
When demand-pull inflation takes place, the central bank is likely to raise interest rates.
True
False
A healthy 75-year old man is looking for a job.
This man is part of the labour force.
True
False
Frictional unemployment is resulted from workers losing jobs due to a decline in a certain important industry in the country.
True
False
The benefits of economic booms to society
The benefits of employment to society
The benefits of CSR to organizations
The benefits of tax payment to organizations
Effects of an appreciation
Effects of a depreciation
Effects of a business cycle
Effects of unemployment
Left VS Right
Monetary policy VS Fiscal policy
Fiscal policy VS Monetary policy
Inflation cause uncertainties because ___________________.
it makes forecasting for the future more difficult
businesses may cut back investment and borrowings
governments may take strong corrective actions
All answers are correct
All answers are incorrect
