WorksheetsQuiz 1
Total questions: 10
Worksheet time: 10mins
Name
Class
Date
1.
Which type of economic system where producers and consumers take charge of the production through demand and supply?
a)
Planned
b)
Market
c)
Socialist
d)
Mixed
2.
Where do you think that a manager from Honda Motor Company can look for the statistical report about the performance of economy in Malaysia?
a)
Aggregate output
b)
Business cycle reports
c)
Economic indicators
d)
Standard of living indexes
3.
The economists use __________ to indicate the national economic growth through the measuring of the nation’s total output.
a)
Gross domestic product
b)
standard of living
c)
economic indicators
d)
aggregate output
4.
Panasonic cooperation creates quality innovation products and provide two years standard warranties to support which group of stakeholders in the market?
a)
Customers
b)
Employees
c)
Investors
d)
Suppliers
5.
A firm was found to involve in illegal dumping of chemical waste in the river but was trying to hide responsibility for its wrongdoing, which type of stance is the firm taking toward social responsibility?
a)
Defensive
b)
Obstructionist
c)
Accommodative
d)
Proactive
6.
Mr. Patrick overheard a meeting regarding the financial status of his company and bought some of the company stocks in his sister’s name to gain profit from the company. What ethical has Patrick violated?
a)
Whistle-blowing
b)
Insider trading
c)
Consumerism
d)
Collusions
7.
A mask making company increases the price of mask due to an increase demand during the Covid-19 pandemic. The company is said to be engaged unethically in __________.
a)
Collusion
b)
Unfair pricing
c)
Collaboration
d)
Price gouging
8.
One of the disadvantages of sole proprietorships is __________.
a)
unlimited liability
b)
flexibility
c)
double taxation
d)
high start-up costs
9.
Which of the following considered as a major drawback of owning a franchise?
a)
Start-up costs
b)
Lack of continuity
c)
Difficulty of obtaining loans
d)
Double taxation
10.
A sole proprietorship will force to be legally dissolved if __________.
a)
the partners reorganise the structure of the firm
b)
the earnings are less than RM500,000
c)
the owner donates some profits
d)
the owner dies
100 %
