Online Test Business.doc - Name of Lecturer Mr B Ranchod 1 hour 50 marks Business Practice for Higher Certificate and National Diploma Blackboard Online

Online Test Business.doc - Name of Lecturer Mr B Ranchod 1...

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Name of Lecturer: Mr B Ranchod 50 marks1 hourBusiness Practice for Higher Certificate and National DiplomaBlackboard Online Test based on Chapter 1- 4Assessment 31. The organised effort of individuals to produce and sell, for a profit, the goods and services that satisfy society’s needs is calleda. consumerism.b. the economy.c. capitalism.*d. business.e. the workplace.2. The relationship between sales and profits can be written as3. Microeconomics is the study of4. According to economists, natural resources, labour, capital, and entrepreneurship are called5. Which of the following is not a feature of laissez-faire capitalism?
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a. Competition*b. Guaranteed incomec. Private ownership of wealthd. Economic freedome. Limited role of government6. For the government to provide services, it collects revenue from7. If all leading companies in the soft-drink industry merged, this would8. Which of the following statements about social responsibility is correct?9. Consumerism is:*a. the efforts of independent individuals, groups, and organisations to protect the rights of consumers.b. A European convention.c. marketers' efforts to contribute to the satisfaction and growth of the communities in which they operate.
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