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WorksheetsIntroduction to Business Tutorial 1
Total questions: 15
Worksheet time: 11mins
The study of the national economy and the global economy is called _______.
microeconomic
macroeconomic
strategic company
comprehensive economy
_________ is an economic system in which individuals own and operate the majority businesses that provide goods and services.
capitalism
socialism
mix economy
islamic economy
Listed below are the factors of production in business, EXCEPT:
consumer
capital
entrepreneurship
land and natural resources
The right to own land, to keep the majority of the profits, the right of freedom of competition and the right to freedom of choice are features of which economic system?
socialism
capitalism
marxism
communism
A market that has only one seller due to barrier created to avoid other firms from entering the market is called ______.
perfect competition
oligopoly
monopoly
monopolistic competition
“Imposed solely to generate income for the government”
The above statement refers to the ___________________.
export tariff
import tariff
revenue tariff
protective tariff
Principles that contains behavioural codes to determine what is right, what is wrong”
This statements defines ________.
human personality
behavior
ethics
human rights
Whistle-blowing means ________.
a guide to acceptable and ethical behavior as defined by the organization
informing the press or government about unethical practices within the organization
a group of people who appointed to share the information about unethical activities to the public for awareness purpose
an activities to investigate the unethical practice reported in an organization
Syafiq bought a product that has no labels on it’s packaging. This situation has breach one of basic consumer rights, which is ______.
right to safety
right to be informed
right to choose
right to be heard
The ability to produce a specific product more efficiently than any other nation is called _________.
absolute advantage
comparative advantage
competitive advantage
marketing advantage
What is meant by ‘GDP’?
gross domestic product
good distribution practice
global detection probability
global data pool
The movement of goods and services without political or economic encumbrance is called __________.
free trade
external trade
import trade
barter trade
