Professional Documents
Culture Documents
5 marks each)
1.
Adidas does not manufacture its own shoes, although they design their shoes and carry out
the advertising. Adidass s shoe manufacturing is done in India and China. This is an
example of:
Resource development
Outsourcing
Insourcing
Microeconomics
2.
A study conducted on how increasing wages in a particular company had an impact on their
employee performance is a concern of:
Communism
Microeconomics
Outsourcing
Unemployment Rate
3.
True
False
4.
True
False
5.
The loss of the best and brightest peole to other countries is a concept known as:
Invisible Hand
Social Equality
Brain Drain
Socialism
6.
Monetary Policy
Fiscal Policy
Stagflation
Empowerment
7.
Horizontal Merger
Conglomerate Merger
Vertical Merger
Acquisition
8.
Considering the law of supply, generally; the quantitydemanded will increase as the price
decreases.
True
False
9.
True
False
10. __________________________________ occurs when the value of a countrys exports is more than
that of its imports.
Trade Surplus
Trade Deficit
Comparative Advantage
Franchising
Comparative Advantage
Competitive Advantage
Balance of Payments
Absolute Advantage
12. ______________________ is the statistical study of the human population with regard to its size,
density, and other characteristics such as age, income, gender, race.
Diversity
Demography
Inflation
Communism
13. What makes rich countries rich today is a combination of _______________________ and the
effective use of _____________________
True
False
True
False
Joint Venture
Contract Manufacturing
Foreign Direct Investment
Embargo
17. _______________________ refers to the governments efforts to keep the economy stable by
increasing or decreasing taxes or government spending.
Monetary Policy
Fiscal Policy
Stagflation
Empowerment
Economics
GDP (Gross Domestic Product)
Unemployment Rate
Balance of Payments
True
False
Suppose Mr. Rahman and Mr. Karim is thinking about doing business. But they
are not sure, if they want to leave their secured jobs in the corporate sector and
pursue this business dream. Suggest some reasons why the risk of doing
business is a risk worth taking.