economics -organisations

economics -organisations

Professional Development

10 Qs

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economics -organisations

economics -organisations

Assessment

Quiz

Professional Development

Professional Development

Easy

Created by

kelum S

Used 25+ times

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10 questions

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1.

MULTIPLE SELECT QUESTION

45 sec • 1 pt

UNION is a large bank. Which TWO of the following would be classified as connected

stakeholders for UNION ?

employees

Customers

shareholders

managers and directors

The government banking regulator

2.

MULTIPLE CHOICE QUESTION

45 sec • 1 pt

Monitoring the principal-agent problem is the responsibility of

A The Government

B The Board of Directors

C The Financial Services Authority

D The Shareholders

3.

MULTIPLE CHOICE QUESTION

45 sec • 1 pt

The basic economic problem facing all economies is:

A Maximising economic growth

B Unemployment

C Inflation

D Allocating scarce resources

4.

MULTIPLE CHOICE QUESTION

45 sec • 1 pt

Opportunity cost is:

A The cost of producing one extra unit of the commodity

B The lowest average cost of the commodity

C The total cost of the commodity

D The loss of the next best alternative

5.

MULTIPLE CHOICE QUESTION

45 sec • 1 pt

Which of the following best describes the opportunity cost of a programme of immunisation?

A The actuarial valuation of the lives of those who are protected against the disease

B The cost of the vaccine

C The cost of providing the medical staff

D The work the medical staff cannot undertake as a result of the programme

6.

MULTIPLE CHOICE QUESTION

45 sec • 1 pt

In a market economy, decisions and choices about resource allocation are determined by:

A The government

B The money markets

C The price mechanism

D A combination of market forces of supply and demand, and government decisions

7.

MULTIPLE CHOICE QUESTION

45 sec • 1 pt

The sector of the economy which consists of manufacturing industries is the :

A Primary sector

B Secondary sector

C Tertiary sector

D Quaternary sector

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