WorksheetsKaplan - BT Mock 3 (ch 1 -7 partly)
Total questions: 35
Worksheet time: 24mins
Name
Class
Date
1.
Which of the following cannot be controlled and significantly influenced of an organization?
a)
Internal environment
b)
Micro environment
c)
Macro environment
d)
All of the above
2.
"The first leaders of the organization tend to define its culture later". This conclusion was brought by
a)
Handy
b)
Schein
c)
None of the above
3.
Which of the following is one of the three levels of culture described by Schein?
a)
Things that are short term only, such as staffing levels
b)
Things that are difficult to identify as they're unseen & often unconscious
c)
Things that endure, such as organizational hierarchy
d)
Things that initially appear superficial, such as timekeeping rules
4.
Which two of the following are cultural types identified by Handy
a)
Role and Person
b)
Person and Bureaucratic
c)
Bureaucratic and Individual
d)
Individual and Role
5.
According to Handy, in Person culture, which of the following is correct?
a)
Contribution made by each employee is recognized and appreciated
b)
Status symbols are there to remind staff of their place
c)
People believe that if they meet job requirement, they will get promoted
d)
Rules are put in place and must be strictly followed by all
6.
A new employee observes that all employees dress casually. According to Schein, this observation belongs to
a)
Artefacts
b)
Espoused values
c)
Informal rules
d)
Basic assumptions
7.
Which of the following is an Artificial intelligence technology?
a)
Wireless speakers
b)
Voice recognition
c)
Web design
d)
Playstation games
8.
Supra-natural sources of legal authority include
a)
United Nations resolutions
b)
UK high courts
c)
US regulations
9.
Data protection legislation, such as the Data Protection Act in the UK, typically focuses on
a)
issues concerning data held about incorporated entities
b)
rights of individual regarding to withholding information about oneself
c)
the way data about the individual is to be obtained, used and stored
d)
aligning the information requirements between different countries
10.
To be valid, a simple contract must indicate that both parties intended to create a legally binding relationship
a)
True
b)
False
11.
Redundancy is when an employer needs to
a)
reduce the number of product lines
b)
reduce size of their workforce
c)
increase the number of product lines
d)
increase size of their workforce
12.
Which of the following is not a right of an employee who is being made redundant?
a)
right for being referred to a new employer
b)
right to consulation
c)
right for the redundany selection to be carried fairly
d)
right to a fair notice period
13.
Data protection is mainly concerned with protecting individuals against
a)
malicious software
b)
hacking
c)
misuse of information
14.
In general, the law puts responsibility for health and safety in the workplace on the
a)
employer
b)
employee
c)
employer and employee
d)
insurance company
15.
Health and safety law is mainly concerned with eliminating risks
a)
True
b)
False
16.
Which of the following is not a feature of a simple contract
a)
Written and signed
b)
Agreement and consideration
c)
Intention to create legal relations
d)
Capacity and legality
17.
Which is not a fair reason for employee dismissal
a)
lack of qualifications
b)
gross misconduct
c)
high salary
d)
redundancy
18.
Which is one of the rights of an individual under typical data protection legislature?
a)
Immediate access to personal data anytime
b)
Right to erase personal information through an application to data holder
c)
No decision should be taken against individuals on a purely automated basis
d)
Right to prevent data being processed for profit of others
19.
A manager was not supposed to hire employees who are female or over the age of 40, in her contract. Is this enforceable?
a)
Yes
b)
No
20.
Which of the following is a requirement of typical consumer protection legislation?
a)
All goods and services must be reasonably priced
b)
Goods should be of good quality
c)
The seller must have legal title to the goods being sold
d)
Buyers do not have to make a payment until after receipt of the goods
21.
When demand for a good increases when the price falls is known as
a)
Expansion in demand
b)
Contraction in demand
c)
Increase in demand
d)
None of the above
22.
'Increase in demand' results in
a)
Demand curve being shifted to the right
b)
Demand curve beinf shifted to the left
c)
There is movement along the current demand curve to the top
d)
There is movement along the current demand curve to the bottom
23.
'Increase in demand' occurs as a result of
a)
Increase in price of the product
b)
Decrease in price of the product
c)
Increase in price of substitutes
d)
Decrease in price of substitutes
24.
An eleasticity value above one is known as being
a)
Relatively inelastic
b)
Relatively elastic
c)
Unitary elastic
d)
None of the above
25.
If the revenue from a product falls following a price increase, then demand of the product is
a)
Relatively inelastic
b)
Relatively elastic
c)
Unitary elastic
d)
None of the above
26.
Cross elasticity of demand measures the sensitivity of demand of a product to changes in the
a)
price of the product
b)
price of another product
c)
quality of a product
d)
income of a product
27.
At the same price, the supply quantity being reduced occurs when there is an
a)
downward shift in supply
b)
expansion of supply
c)
contraction of supply
d)
upward shift in supply
28.
Lower cost of production may result in a
a)
downward shift in supply
b)
expansion of supply
c)
contraction of supply
d)
upward shift in supply
29.
When the price of a good is held above the equilibrium price, it would result in
a)
shortage of goods
b)
surplus of goods
c)
increase in demand
d)
none of the above
30.
A minimum price control to be effectively implemented should have the price placed
a)
above the market equilibrium
b)
below the market equilibrium
c)
the placement does not matter
31.
Which is a reason for the government imposing minimum prices?
a)
safeguard sellers
b)
safeguard buyers
32.
Economists believe that costs follow the law of diminishing returns in the
a)
short run
b)
long run
c)
all of the above
33.
Which is not a criteria in a Perfect Market?
a)
Perfect information
b)
No entry and exit barriers to the market
c)
Homogenous products
d)
None of the above
34.
A market controlled by one company is called
a)
Oligopoly
b)
Duopoly
c)
Monopoly
d)
Perfect market
35.
'Monopolies are a form of equilibrium'. This statement is
a)
True
b)
False
100 %
