Если у вас возникли сложности с курсовой, контрольной, дипломной, рефератом, отчетом по практике, научно-исследовательской и любой другой работой - мы готовы помочь.
Предоплата всего
Подписываем
VARIANT 1
Question No. 1
Economic theory is the scientific course that refers to….
A) a type of economic system in which a government controls the country’s industries and decides what goods should be produced and in what amounts
B) the study of the production, distribution and use of goods and services; the study of how a society organizes its money, trade and industry
C) a company or business; a business project or activity, esp. one that is difficult or involves taking risks; the activity of starting and developing business; the ability to think of new projects and make them successful, esp. by taking risks
D) theoretical aspects of economic processes, their historical evolution, the ideas and principles that aim to describe how economy work
E) a situation in which the amount of particular goods or services that people want to buy (demand) at a particular price equals the amount that businesses want to supply (supply)
Question No. 2
Choose the right definition of the term ‘economy’.
A) the study of the production, distribution and use of goods and services; the study of how a society organizes its money, trade and industry
B) the relationship between production, trade and the supply of money in a particular country or a region
C) a company or business; a business project or activity, esp. one that is difficult or involves taking risks; the activity of starting and developing business; the ability to think of new projects and make them successful, esp. by taking risks
D) a type of economic system in which a government controls the country’s industries and decides what goods should be produced and in what amounts
E) a situation in which the amount of particular goods or services that people want to buy (demand) at a particular price equals the amount that businesses want to supply (supply)
Question No. 3
Choose the right definition of the term ‘economics’.
A) a type of economic system in which a government controls the country’s industries and decides what goods should be produced and in what amounts
B) the relationship between production, trade and the supply of money in a particular country or a region
C) a company or business; a business project or activity, esp. one that is difficult or involves taking risks; the activity of starting and developing business; the ability to think of new projects and make them successful, esp. by taking risks
D) the study of the production, distribution and use of goods and services; the study of how a society organizes its money, trade and industry
E) a situation in which the amount of particular goods or services that people want to buy (demand) at a particular price equals the amount that businesses want to supply (supply)
Question No. 4
What basic types of economic systems do you know?
A) planned, market, mixed
B) traditional, planned, market, mixed
C) traditional, market, mixed
D) traditional, planned, market
E) traditional, planned, mixed
Question No. 5
The author of ‘invisible hands’ is considered:
A) J.M.Keynes
B) J.B.Say
C) A.Marshall
D) A.Smith
E) C.Devenant
Question No. 6
Who is the author of ‘The Wealth of Nations’?
A) A.Smith
B) J.B.Say
C) A.Marshall
D) J.M.Keynes
E) C.Devenant
Question No. 7
Choose the right definition of the term ‘market economy’.
A) the relationship between production, trade and the supply of money in a particular country or a region
B) a type of economic system in which a government controls the country’s industries and decides what goods should be produced and in what amounts (the synonym of planned economy).
C) the business of buying and selling things, trade
D) a written document that states what a company, or part of a company, aims to do to sell its products, develop new products, etc.
E) an economic system in which economic decisions and the pricing of goods and services are guided solely by the aggregate interactions of a country's citizens and businesses and there is little government intervention or central planning
Question No. 8
Choose the right definition of the term ‘command economy’.
A) an economic system in which economic decisions and the pricing of goods and services are guided solely by the aggregate interactions of a country's citizens and businesses and there is little government intervention or central planning
B) a type of economic system in which a government controls the country’s industries and decides what goods should be produced and in what amounts (the synonym of planned economy).
C) the business of buying and selling things, trade
D) a written document that states what a company, or part of a company, aims to do to sell its products, develop new products, etc.
E) the relationship between production, trade and the supply of money in a particular country or a region
Question No. 9
Choose the right definition of the term ‘supply & demand’.
A) a type of economic system in which a government controls the country’s industries and decides what goods should be produced and in what amounts
C) a company or business; a business project or activity, esp. one that is difficult or involves taking risks; the activity of starting and developing business; the ability to think of new projects and make them successful, esp. by taking risks
D) the relationship between the amount of goods or services that are available and the amount that people want to buy, especially when this controls prices
E) a situation in which the amount of particular goods or services that people want to buy (demand) at a particular price equals the amount that businesses want to supply (supply)
Question No. 10
Choose the right definition of the term ‘production’.
A) the main part in the company with its background, current position and the growth in future
B) a firm’s activity, the process of making goods, materials or growing food, especially large quantities, including the whole manufacturing chain: its sales, purchases etc.
C) are forces that create new technologies, market opportunities and new products
D) climatic peculiarities location, seasonal variation of consumption, limited of source
E) improvement of the company's products, its development and researching new ideas of developing
Question No. 11
Choose the right definition of the term ‘enterprise’.
A) the business of buying and selling things, trade
B) the activity of making, buying, selling or supplying goods or services for money
C) a company or business; a business project or activity, esp. one that is difficult or involves taking risks; the activity of starting and developing business; the ability to think of new projects and make them successful, esp. by taking risks.
D) a written document that states what a company, or part of a company, aims to do to sell its products, develop new products, etc.
E) the relationship between production, trade and the supply of money in a particular country or a region
Question No. 12
What does equilibrium mean in economic theory?
A) the activity of making, buying, selling or supplying goods or services for money
B) a situation in which the amount of particular goods or services that people want to buy (demand) at a particular price equals the amount that businesses want to supply (supply)
C) the business of buying and selling things, trade
D) a written document that states what a company, or part of a company, aims to do to sell its products, develop new products, etc.
E) the relationship between production, trade and the supply of money in a particular country or a region
Question No. 13
When was the word ‘entrepreneur’ used firstly?
A) In 16th century
B) In 14th century
C) In 15th century
D) In 13th century
E) In 17th century
Question No. 14
Who is considered the founder of the entrepreneurship theory?
A) Anne-Robert Jacques Turgot
B) Richard Cantillon
C) Jean Baptiste Say
D) Francois Quesnay
E) John Stuart Mill
Question No. 15
For Quesnay, an entrepreneur was _______
A) “someone who undertakes a business venture”
B) “mediator”
C) “a person who entered into contractual relationship with the government”
D) “simply a tenant farmer who rents property at a fixed rent a produces a given output with given factors at given price”
E) There is no right answer
Question No. 16
In the early 1800s _______used the term to refer to individuals who create value in an economy by moving resources out of areas of low productivity and into areas of higher productivity and greater yield.
A) Jean Baptiste Say
B) John Stuart Mill
C) Richard Cantillon
D) Alfred Marshall
E) Shumpeter
Question No. 17
In 1848, economist John Stuart Mill used the term ‘entrepreneur’ in his very popular book at that time. What was the name of the book?
A) Basis of entrepreneurship
B) Principles of Political Economy
C) Job description
D) Principles of business
E) Management of business
Question No. 18
_______ claims that four primary factors are necessary for production: land, labor, capital and organization
A) Alfred Marshal
B) John Stuart Mill
C) Jean Baptiste Say
D) Richard Cantillon
E) A. Shapiro
Question No. 19
The origin of the English word ‘entrepreneur’ comes from the French word ‘entreprendre, which can be translated as…
A) to be able to do something new
B) to be successful
C) to do something, to undertake
D) to have an idea
E) to be busy
Question No. 20
What are the names of economists who post views on entrepreneurship during the 19th century?
A) Anne-Robert Jacques Turgot, Jean Baptiste Say, Daniel Defoe
B) Richard Cantillon, R.Khizrich, D.Makklelland
C) Richard Cantillon, A.Shapiro, Alfred Marshall
D) Jean Baptiste Say, John Stuart Mill, Alfred Marshall
E) There is no right answer
Question No. 21
The formation of entrepreneurship needs certain conditions. They are…
A) There is no right answer
B) legal, illegal and economical
C) financial, demographical and social
D) political, social and illegal
E) social, economical and legal
Question No. 22
What are the five factors of entrepreneurship development?
A) the level of entrepreneurial education; the ability to increase own profit; the level of taxation and the size of the social tax; social attitude to entrepreneurship, education
B) gender and age-related population structure; the level of entrepreneurial education; the ability to increase own profit; the level of taxation and the size of the social tax; social attitude to entrepreneurship
C) gender and age-related population structure; the level of entrepreneurial education; the ability to increase own profit; the level of taxation and the size of the social tax; economical factors
D) social, ethical, economical, legal and political factors
E) education, health, age, gender and beautifulness
Question No. 23
Who emphasized the importance of entrepreneurship by tying the resource component (from Say) and management component (from Mill) together in the late 1800's?
A) Alfred Marshall
B) Richard Cantillon
C) John Stuart Mill
D) Jean Baptiste Say
E) Francois Quesnay
Question No. 24
By the 17th century, an entrepreneur was …
A) mediator
B) someone who undertakes a business venture
C) a person who entered into a contractual relationship with the government for the performance of a service or the supply of goods
D) someone who assumes not only the risk of a business venture (as a capitalist) but also the management of the business venture
E) one who undertakes innovations, finance and business acumen in an effort to transform innovations into economic goods
Question No. 25
As early as 1697, Daniel Defoe used the term projector in the sense of …
A) ‘free entrepreneur’
B) ‘smart entrepreneur’
C) ‘innovative entrepreneur’
D) ‘independent entrepreneur’
E) ‘creative entrepreneur’
Question No. 26
The Postlethwayt's Universal Dictionary of Trade and Commerce (London, 1751-55) included both the ‘inventor’ and ‘creative entrepreneur’ terms that were explained as…
A) “idle, roguish and enthusiastical projector whose activities reflected whim and knavery”
B) “idle, roguish and enthusiastical projector”
C) “idle projector whose activities reflected knavery”
D) “idle, roguish and innovative projector whose activities reflected whim and knavery”
E) There is no right answer
Question No. 27
Jean Baptiste Say determines that the entrepreneur is...
A) someone who assumes not only the risk of a business venture (as a capitalist) but also the management of the business venture
B) someone who earns profits by shifting resources from areas of low productivity to areas of high productivity
C) a tenant farmer who rents property at a fixed rent a produces a given output with given factors at given price
D) a person who entered into a contractual relationship with the government for the performance of a service or the supply of goods
E) one who undertakes innovations, finance and business acumen in an effort to transform innovations into economic goods
Question No. 28
By the 16th century, the term ‘entrepreneur’ had emerged to refer to …
A) someone who assumes not only the risk of a business venture (as a capitalist) but also the management of the business venture
B) a person who entered into a contractual relationship with the government for the performance of a service or the supply of goods
C) mediator
D) someone who undertakes a business venture
E) one who undertakes innovations, finance and business acumen in an effort to transform innovations into economic goods
Question No. 29
In what century was the term ‘business’ mentioned and defined firstly?
A) 16th century
B) 19th century
C) 13th century
D) 21st century
E) 20th century
Question No. 30
In the Middle Ages the term ‘entrepreneur’ was used to denote…
A) one who undertakes innovations, finance and business acumen in an effort to transform innovations into economic goods
B) mediator
C) someone who assumes not only the risk of a business venture (as a capitalist) but also the management of the business venture
D) a tenant farmer who rents property at a fixed rent a produces a given output with given factors at given price
E) an actor with reference to warlike action or in particular, a person in charge of large-scale construction projects such as cathedrals, bearing no risks but simply carrying the task forward until resources were exhausted.
APPROVED
At the Meeting of Economics and Logistics Department
Minutes No.___ from “__” ________ 2013
By Acting Head of Economics and Logistics Department
__________ A.T.Uskelenova
VARIANT 2
Question No. 1
Macroeconomics is the branch of economic science that deals with….
A) a type of economic system in which a government controls the country’s industries and decides what goods should be produced and in what amounts
B) the study of the production, distribution and use of goods and services; the study of how a society organizes its money, trade and industry
C) theoretical aspects of economic processes, their historical evolution, the ideas and principles that aim to describe how economy work
D) the performance, structure, behavior, and decision-making of an economy as a whole, rather than individual markets, including national, regional, and global economies
E) the behavior of individual households and firms in making decisions on the allocation of limited resources
Question No. 2
Microeconomics is the branch of economic science that studies….
A) the performance, structure, behavior, and decision-making of an economy as a whole, rather than individual markets, including national, regional, and global economies
B) the study of the production, distribution and use of goods and services; the study of how a society organizes its money, trade and industry
C) theoretical aspects of economic processes, their historical evolution, the ideas and principles that aim to describe how economy work
D) the behavior of individual households and firms in making decisions on the allocation of limited resources, examining how these decisions and behaviors affect the supply and demand for goods and services, which determines prices, and how prices, in turn, determine the quantity supplied and quantity demanded of goods and services
E) a situation in which the amount of particular goods or services that people want to buy (demand) at a particular price equals the amount that businesses want to supply (supply)
Question No. 3
Alfred Marshall claims that four primary factors are necessary for production. These are:
A) Labour, organization, management, systemic approach
B) Labour, land, capital, and organization
C) Capital and land
D) Labour and land
E) Labour, organization, land, systemic approach
Question No. 4
The word ‘entrepreneur’ was used firstly in ...
A) 16th century
B) 14th century
C) 15th century
D) 13th century
E) 17th century
Question No. 5
In the late 1800’s Alfred Marshall emphasized the importance of entrepreneurship. What did he do in this field?
A) All answers are correct
B) He tied the resource component and management component together
C) He tied the Say’s component and the Mill’s component together
D) He claimed that four primary factors are necessary for production: land, labor, capital, and organization.
E) There is no right answer.
Question No. 6
The term entrepreneur was further popularized by economist Jean Baptiste Say in…
A) the middle of 1900s
B) the early 1800s
C) 1700s
D) 1600s
E) the late of 1500s
Question No. 7
Fixed capital is a concept in economics and accounting, first theoretically analyzed in some depth by the economist David Ricardo, refers to :
A) an initiative activity of citizens (physical persons) and legal persons, irrespective of an ownership pattern, directed on acquisition of net profit by satisfaction of demand for the goods (works, services)
B) portion of the total capital that is invested in land, buildings, vehicles, plant and equipment etc. that stay in the business almost permanently, or at the very least, for more than one accounting period
C) a component of total capital used in the production cycle; it is used up in every cycle (raw materials, basic and intermediate materials, combustible, energy…) and comes under the heading of current assets in accounting.
D) an initiative independent activity of physical and legal bodies, carried out at their own risk and under their property responsibility directed on getting a profit.
E) act of being an entrepreneur, who undertakes innovations, finance and business acumen in an effort to transform innovations into economic goods.
Question No. 8
Circulating capital is a concept in economics and accounting, first theoretically analyzed in some depth by A.Smith, Quesnay and Turgot, includes intermediate goods and operating expenses, i.e., short-lived items that are used in production and used up in the process of creating other goods or services and refers to :
A) an initiative independent activity of physical and legal bodies, carried out at their own risk and under their property responsibility directed on getting a profit.
B) portion of the total capital that is invested in land, buildings, vehicles, plant and equipment etc. that stay in the business almost permanently, or at the very least, for more than one accounting period
liability”.
C) a person who makes money by starting or running business, especially when this involves taking financial risks.
D) a component of total capital used in the production cycle; it is used up in every cycle (raw materials, basic and intermediate materials, combustible, energy…) and comes under the heading of current assets in accounting.
E) act of being an entrepreneur, who undertakes innovations, finance and business acumen in an effort to transform innovations into economic goods.
Question No. 9
A breakeven point is…
A) the process of gradually paying off a liability over a period of time; to liquidate on an installment basis.
B) the level of sales at which profit is zero. At break even point total sales are equal to total cost (variable + fixed).
C) money that is unproductive because it is not invested.
D) short-term finance that is expected to be repaid quickly.
E) a marketing technique, the aim of which is to damage the market share of competitors.
Question No. 10
Give the definition to the term ‘financial stability’.
A) It is a relatively small amount of money provided to prove a concept; it may involve product development and market research.
B) It is a small store of cash used for minor business expenses.
C) It is self-sufficiency or ability of enterprises to address social and economic problems as long as is necessary and due to revenues from its own activities.
D) It is a walking ticket that means to be dismissed from employment; a notice of redundancy issued to an employee.
E) It is exchange information by the help of Internet; owing to the fast-paced and interactive nature of online markets, word of mouse can spread much faster than its offline counterpart.
Question No. 11
Under profitability it is understood:
A) It is a relatively small amount of money provided to prove a concept; it may involve product development and market research.
B) A type of loans that is returned by parts, and issued by a private individual to buy consumer durables.
C). It is an important indicator of the economic efficiency of production at enterprises that reflects the degree of use of material, labor, monetary, and natural resources.
D) It is a walking ticket that means to be dismissed from employment; a notice of redundancy issued to an employee.
E) It is exchange information by the help of Internet; owing to the fast-paced and interactive nature of online markets, word of mouse can spread much faster than its offline counterpart
Question No. 12
Give the definition to the term ‘audit’.
A) It is an examination of accounting documents and of supporting evidence for the purpose of reaching an informed opinion concerning their propriety.
B) It is a small store of cash used for minor business expenses.
C) It is a relatively small amount of money provided to prove a concept; it may involve product development and market research.
D) It is a walking ticket that means to be dismissed from employment; a notice of redundancy issued to an employee.
E) It is exchange information by the help of Internet; owing to the fast-paced and interactive nature of online markets, word of mouse can spread much faster than its offline counterpart.
Question No. 13
What is understood by the term ‘amortization’?
A) short-term finance that is expected to be repaid quickly.
B) money that is unproductive because it is not invested.
C) dollar value of sales that will cover, but not exceed, all of the company's costs, both fixed and variable.
D) the process of gradually paying off a liability over a period of time; to liquidate on an installment basis.
E) a marketing technique, the aim of which is to damage the market share of competitors.
Question No. 14
What is a credit?
A) It is exchange information by the help of Internet; owing to the fast-paced and interactive nature of online markets, word of mouse can spread much faster than its offline counterpart.
B) It is a small store of cash used for minor business expenses.
C) It is a relatively small amount of money provided to prove a concept; it may involve product development and market research.
D) It is a walking ticket that means to be dismissed from employment; a notice of redundancy issued to an employee.
E) It is another word for debt; it is given to customers when they are allowed to make a purchase with the promise to pay later; a bank gives it when it lends money.
Question No. 15
A distributor is…
A) a product or service that is given away, often as a business promotion.
B) the exchange of goods, information products, or services via an electronic medium such as the Internet.
C) a middleman, wholesaler, agent or company distributing goods to dealers or companies.
D) the rate of an economy's growth as measured by its technical progress, the growth of its labor, and the increase in its capital stock.
E) an activity to build long-term product preferences, based on the impact on consumers by means of marketing.
Question No. 16
What is entrepreneurship in modern economic theory?
A) It’s the act of being an entrepreneur, which is a French word meaning "one who undertakes innovations, finance and business acumen in an effort to transform innovations into economic goods.
B) It’s an initiative activity of citizens (physical persons) and legal persons, irrespective of an ownership pattern, directed on acquisition of net profit by satisfaction of demand for the goods (works, services), based on a private property (private enterprise) or on a state one. Entrepreneurial activity is carried out in the name of an entrepreneur at his own risk and under his property liability”.
C) It’s a person who makes money by starting or running business, especially when this involves taking financial risks.
D) It’s an initiative independent activity of physical and legal bodies, carried out at their own risk and under their property responsibility directed on getting a profit.
E) It’s a specific type of activity, directed on creation of different enterprises and maintenance of their functioning for the purpose of getting a profit.
Question No. 17
What is the classification of entrepreneurship according to the quantity of participants (entrepreneurs)?
A) Individual/solo entrepreneurship and joint/collective entrepreneurship
B) Legal and illegal entrepreneurship
C) Private property – individual/solo entrepreneurship and joint/collective one; state property – Republican and communal/municipal (oblast and regional) entrepreneurship
D) Local, regional, national, international entrepreneurship
E) Fast growing and low growing entrepreneurship
Question No. 18
What is the classification of entrepreneurship according to territorial belonging?
A) Local, regional, national, international entrepreneurship
B) Legal and illegal entrepreneurship
C) Individual/solo entrepreneurship and joint/collective entrepreneurship
D) Private property and state one
E) Fast growing and low growing entrepreneurship
Question No. 19
Classifying businesses according to their sizes or scales, it is distinguished:
A) Medium, big and very big businesses
B) Small, corporative and big businesses
C) Small, medium and big businesses
D) Small, big and very big businesses
E) There is no right answer
Question No. 20
What is the classification of entrepreneurship according to economic forms of business?
A) Concerns, associations, consortiums, syndicates, cartels, financial and industrial group.
B) Commercial and non-commercial (non-profit) entrepreneurship.
C) High profitable and low profitable entrepreneurship.
D) Limited/special partnership (ltd), (joint-)stock company/corporation, producers' cooperative or artel (cooperative of workmen or peasants), state and municipal enterprises.
E) Small/small-scale/small sized, medium/medium sized, big business.
Question No. 21
What is the classification of entrepreneurship according to legal forms of business?
A) Concerns, associations, consortiums, syndicates, cartels, financial and industrial group
B) Commercial and non-commercial (non-profit) entrepreneurship
C) High profitable and low profitable entrepreneurship
D) Limited partnership, joint-stock company, producers' cooperative, state and municipal enterprises
E) Small/small-scale/small sized, medium/medium sized, big business.
Question No. 22
What is the classification of entrepreneurship according to using innovations and new technologies?
A) High profitable and low profitable entrepreneurship
B) Entrepreneurship of economic sector of the primary cycle (raw materials’ extraction), economic sector of the secondary cycle (raw materials’ processing), economic sector of the tertiary cycle (service rendering)
C) Industrial, commercial, financial, mediatory and insurance entrepreneurship
D) Fast growing and low growing entrepreneurship
E) Routine/ reproductive entrepreneurship and progressive/ productive ones
Question No. 23
Give the definition to the term ‘innovation’.
A) It is a small store of cash used for minor business expenses.
B) It is the use of new and unique approaches that increase the social impact.
C) It is a relatively small amount of money provided to prove a concept; it may involve product development and market research.
D) It is a walking ticket that means to be dismissed from employment; a notice of redundancy issued to an employee.
E) It is exchange information by the help of Internet; owing to the fast-paced and interactive nature of online markets, word of mouse can spread much faster than its offline counterpart.
Question No. 24
The main subject of entrepreneurial activity is an entrepreneur who combines functions of:
A) an innovator
B) a manager
C) a proprietor, an innovator and a manager
D) creator
E) businessman
Question No. 25
What is an object of entrepreneurial activity?
A) It is an action through which we develop more.
B) It is a thing that is able to get a profit.
C) It is a strategy to earn money.
D) It is a physical person.
E) It is a thing that we use in our everyday life.
Question No. 26
What is it understood by the real property?
A) The objects that is impossible to replace without any essential damage
B) Things those are able to get a profit
C) Furniture, domestic appliances, money, stocks ant others
D) Credits and microcredits
E) All of the above.
Question No. 27
Subjects of entrepreneurship are…
A) There is no right answer
B) Government
C) The president and the parliament
D) Poor people
E) Physical and legal bodies
Question No. 28
Who is a physical entity?
A) All answers are incorrect.
B) A person who has a lot of money
C) A man who knows Constitution
D) Only a citizen who possesses active capacity without legal
E) A citizen who possesses legal capacity and active capacity
Question No. 29
The basic qualities of an entrepreneur
A) ability to destroy actions
B) self-confidence , ability to plan his actions, creativity, ability to form an appropriate team, presence of labor culture, responsibility
C) ability to be boring
D) there is no right answer
E) all answers are correct
Question No. 30
An organization that has an isolated estate in its property, economic conducting or operational management, and answers with this property under the obligations. Choose the appropriate term.
A) Physical person
B) President of RK
C) President of Microsoft
D) The juridical person
E) No correct answer
VARIANT 3
Question No. 1
What is it understood by economic freedom?
A) None of the above
B) It is a social and economic situation, including an extent of economic freedom, the presence (or ability of appearance in the nearest future) the entrepreneurial relationships, the dominance of market model of economic interconnections and the ability to form the entrepreneurial capital and to use necessary sources.
C) It is a market, first of all, the system of market relations, and also the private freedom of an entrepreneur, i.e. his private independence that allows to make an entrepreneurial decision, which will be the most effective and profitable according to his point of view.
D) It is firms and individuals that provide the resources needed by the company and its competitors to produce goods and services.
E) It is the ability for entrepreneurial subjects to choose the ownership pattern and the field of application their skills, knowledge and possibilities.
Question No. 2
What does the term business or entrepreneurial environment mean?
A) Ability for entrepreneurial subjects to choose the ownership pattern and the field of application their skills, knowledge and possibilities.
B) Social and economic situation, including an extent of economic freedom, the presence (or ability of appearance in the nearest future) the entrepreneurial relationships, the dominance of market model of economic interconnections and the ability to form the entrepreneurial capital and to use necessary sources.
C) Subjects of market which have their business in similar field.
D) Firms and individuals that provide the resources needed by the company and its competitors to produce goods and services.
E) There is no correct answer
Question No. 3
Entrepreneurial environment of an enterprise is subdivided into:
A) Local, regional, national and international ones;
B) Direct and indirect ones;
C) External and internal ones;
D) Legal and illegal ones;
E) Pure and dirty ones.
Question No. 4
External environment of an enterprise includes two sub-systems. They are:
A) External environment of customers and of suppliers;
B) Local and global;
C) Direct (micro-) and indirect (macro-);
D) Big and small;
E) All answers are correct.
Question No. 5
External direct environment of an enterprise includes:
A) Suppliers, intermediaries, customers, competitors and publics;
B) Demography, economic, political, culture, social, technological and natural;
C) Marketing, management, finance, stuff, production, aims and problems, researches & developments (R&D);
D) All variants are right;
E) There is no right variant.
Question No. 6
Suppliers are …
A) any group that have an actual or potential interest in or impact on organization's ability to achieve its activities.
B) firms that help the company to promote, sell and distribute its goods to final buyers, they include: physical firms, transportation firms, warehouses, marketing service agencies and etc.
C) consumers, business reseller, government, international resellers - individuals and organizations, those buy goods and services to resell at a profit.
D) subjects of market which have their business in similar field.
E) firms and individuals that provide the resources needed by the company and its competitors to produce goods and services.
Question No. 7
How are the firms that help the company to promote, sell and distribute its goods to final buyers called?
A) Competitors;
B) Publics;
C) Customers;
D) Intermediaries;
E) Suppliers.
Question No. 8
_______ are subjects of the market who have their business in similar field.
A) Competitors;
B) Publics;
C) Customers;
D) Intermediaries;
E) Suppliers.
Question No. 9
What is it understood by the publics as a component of the external direct environment?
A) Consumer, business reseller, government, international resellers - individuals and organizations, those buy goods and services to resell at a profit.
B) Subjects of market which have their business in similar field.
C) Any group that have an actual or potential interest in or impact on organization's ability to achieve its activities.
D) Firms and individuals that provide the resources needed by the company and its competitors to produce goods and services.
E) Firms that help the company to promote, sell and distribute its goods to final buyers, they include: physical firms, transportation firms, warehouses, marketing service agencies and etc.
Question No. 10
External indirect environment of an enterprise includes _______ factors.
A) Economic
B) All answers are right
C) Demographic
D) Political, cultural and social
E) Technological and natural
Question No. 11
Demography is …
A) Culture, traditions, basic value of society, preferences and behavior.
B) Legislation, democratic parties, corruption.
C) Level of GDP, inflation, investments, unemployment, trade, level of revenue, investments.
D) The study of human population, which includes density, locations, age, sex, race, occupation and etc.
E) Unemployment, structural changes in family, different inside of society.
Question No. 12
The level of GDP, inflation, investments, unemployment, trade, level of revenue, investments are referred to _______ factors.
A) Demographic;
B) Economic;
C) Technological;
D) Natural;
E) Cultural.
Question No. 13
The factor of indirect environment concerning climatic peculiarities location, seasonal variation of consumption, source limitation is…
A) Social;
B) Technological;
C) Natural;
D) Cultural;
E) Economic.
Question No. 14
Internal environment of each enterprise includes…
A) Marketing, management, finance, working staff, production, researches & developments (R&D);
B) Demography, economic, political, culture, social, technological and natural;
C) Suppliers, intermediaries, customers, competitors and publics;
D) All variants are right;
E) There is no right variant.
Question No. 15
The notion of marketing is based on “4P” conception that includes…
A) Price, product, place and principles;
B) Place, plan, product and policy;
C) Policy, productivity, preferences and profitableness;
D) Price, product, place and promotion;
E) Promotion, principles, preferences and profitableness.
Question No. 16
The Researches and Development or R&D concerns…
A) Organizational structure of the firm and its technologies, its aims and problems.
B) Improvement of the company's products, its development and researching new ideas of developing
C) Financial situation in the firm.
D) Activity of firm, its sales and purchases.
E) “4P”: price, product, place, promotion.
Question No. 17
The ability for entrepreneurial subjects to choose the ownership pattern and the field of application their skills, knowledge and possibilities, it is…
A) External direct environment
B) Entrepreneurial environment
C) External environment
D) Economic freedom
E) External indirect environment
Question No. 18
Economic freedom realizes on the basis of ______and cannot be separated from economic ______ of the citizens.
A) civil code, state legislative norms
B) civil code, respect
C) state legislative norms, ability
D) civil code, ability
E) state legislative norms, responsibility
Question No. 19
How many sub-systems includes external enterprise environment?
A) 6
B) 3
C) 5
D) 4
E) 2
Question No. 20
The term customer is used to refer…
A) a current or potential buyer or user of the products of an individual or organization, called the supplier, seller, or vendor; this is typically through purchasing or renting goods or services;
B) firms and individuals that provide the resources needed by the company and its competitors to produce goods and services.
C) Firms that help the company to promote sell and distribute its goods to final buyers.
D) Any group that have an actual or potential interest in or impact on organization's ability to achieve its activities.
E) Subjects of market which have their business in similar field.
Question No. 21
What kind of enterprise environmental systems does include an organizational structure of an enterprise, corporative culture, working staff, managers, the process of production, etc?
A) Internal environment.
B) External environment
C) External direct environment
D) External indirect environment
E) There is no correct answer
Question No. 22
By the term intermediaries it is understood…
A) Only physical bodies, i.e. firms that help another company to promote, sell and distribute its goods to final buyers.
B) Only juridical firms, i.e. firms that help another company to promote, sell and distribute its goods to final buyers.
C) Transportation firms, warehouses, marketing service agencies, etc., i.e. firms that help another company to promote, sell and distribute its goods to final buyers.
D) , i.e. firms that help another company to promote, sell and distribute its goods to final buyers Juridical and physical persons, R&D..
E) R&D, i.e. firms that help another company to promote, sell and distribute its goods to final buyers.
Question No. 23
What is entrepreneurship as a modern economic concept?
A) It is a complicated chain of purposeful actions of businessmen, since the moment of occurrence of enterprise idea and till its realization in the concrete enterprise project. It is process of creation of new goods, works and services for the purpose of satisfaction of constantly growing requirements of consumers.
B) It is a system of economic, social, organizational, personal and other relations connected with organization an own business by entrepreneurs, producing goods (works, services) and getting desirable results in the form of profit. It reflects all set of relations between entrepreneurs, consumers, suppliers, banks, hired workers, the state, etc.
C) It is a branch of science which is the synthesis of some subjects, each of which is an integral part of entrepreneurial activity and allows covering a multifaceted problem from different sides. There are among such subjects - economics, management and marketing.
D) It is a very important thing in our life.
E) None of the above.
Question No. 24
What are the features of entrepreneurship?
A) Depth; Definiteness; Clearness.
B) Interest of people; Beautifulness; Independence; Mysteriousness.
C) Liability; Sovereignty; Riskiness; Innovations.
D) Economical interest; Initiative; Systematicness; Independence; Responsibility; Riskiness; Innovations.
E) There is no right answer
Question No. 25
What are the functions of entrepreneurship?
A) Economical function; Resource function; Innovational function; Social function; General functio
B) Economical function; Political function; Innovational function; Social function; Organizational function
C) Economical function; Resource function; Innovational function; Social function; Organizational function n
D) Political function; Ethical function; Legal function; Social function; General function of entrepreneurship
E) There is no right answer
Question No. 26
What is the classification of entrepreneurship according to territorial belonging?
A) Private property and state one
B) Legal and illegal entrepreneurship
C) Individual/solo entrepreneurship and joint/collective entrepreneurship
D) Local, regional, national, international entrepreneurship
E) Fast growing and low growing entrepreneurship
Question No. 27
Market models are represented by the following types:
A) perfect competition, monopolistic competition, pure monopoly, oligopoly
B) imperfect competition and pure monopoly
C) imperfect competition and oligopoly
D) only perfect competition
E) only imperfect competition
Question No. 28
What are two main factors forming competitiveness?
A) Price and quality
B) Price and demand
C) Quality and supply
D) Supply and demand
E) Prime cost and market equilibrium
Question No. 29
What is referred to the legal forms of business organization?
A) A cartel, a holding, an artel, state and municipal enterprises.
B) Limited liability, joint-stock company, artel;
C) A concern, an association, a consortium, a syndicate, a cartel, a holding, a financial and industrial group;
D) Artel and state enterprises;
E) Limited Liability Company, joint-stock company, producer’s cooperative (artel), state and municipal enterprises;
Question No. 30
What is referred to the economic forms of business organization?
A) Limited liability, joint-stock company, artel;
B) Concern, association, consortium, syndicate, cartel, holding, financial and industrial groups;
C) Limited liability, joint-stock company, producer’s cooperative, state and municipal enterprises;
D) Artel and state enterprises;
E) Cartel, holding, artel, state and municipal enterprises.
VARIANT 4
Question No. 1
At the end of 19th century Alfred Marshal defined four primary factors of production. They are:
A) land, labor, capital and organization
B) land, labor, capital and motivation
C) banking, labor, capital and organization
D) land, labor and organization
E) labor, capital, property and organization
Question No. 2
What does the term ‘economy of scale’ mean?
A) An economic disadvantage, such as an increase in the average cost of producing goods, that may happen when the organization becomes larger
B) An economic advantage that a business obtains due to business expansion; the fact that as the amount of goods or services produced increases and their cost decreases.
C) A social and economic situation, including an extent of economic freedom, the presence (or ability of appearance in the nearest future) the entrepreneurial relationships, the dominance of market model of economic interconnections and the ability to form the entrepreneurial capital and to use necessary sources
D) A market, first of all, the system of market relations, and also the private freedom of an entrepreneur, i.e. his private independence that allows to make an entrepreneurial decision, which will be the most effective and profitable according to his point of view
E) Firms and individuals that provide the resources needed by the company and its competitors to produce goods and services
Question No. 3
What does the term ‘diseconomy of scale’ mean?
A) A market, first of all, the system of market relations, and also the private freedom of an entrepreneur, i.e. his private independence that allows to make an entrepreneurial decision, which will be the most effective and profitable according to his point of view
B) An economic advantage that a business obtains due to business expansion; the fact that as the amount of goods or services produced increases and their cost decreases
C) A social and economic situation, including an extent of economic freedom, the presence (or ability of appearance in the nearest future) the entrepreneurial relationships, the dominance of market model of economic interconnections and the ability to form the entrepreneurial capital and to use necessary sources
D) An economic disadvantage, such as an increase in the average cost of producing goods, that may happen when the organization becomes larger.
E) Firms and individuals that provide the resources needed by the company and its competitors to produce goods and services
Question No. 4
The taxation is …
A) Obligatory payments established by the state and rose in the certain sizes and established terms.
B) A system of distribution of incomes between legal or physical persons and the state, and taxes represent obligatory payments in the budget, raised by the state on the basis of the law with legal and physical persons for satisfaction of public requirements.
C) The sum of money, which is given out to the enterprises and citizens on the terms of returning with percent;
D) A system of payments to the state forms the citizens and the enterprises, when they have broken the law.
E) There is no correct answer.
Question No. 5
Inflation is economic concept that means…
A) a company or business; a business project or activity, esp. one that is difficult or involves taking risks; the activity of starting and developing business; the ability to think of new projects and make them successful, esp. by taking risks
B) the study of the production, distribution and use of goods and services; the study of how a society organizes its money, trade and industry
C) a persistent increase in the general price level of goods and services in an economy over a period of time
D) a type of economic system in which a government controls the country’s industries and decides what goods should be produced and in what amounts
E) a situation in which the amount of particular goods or services that people want to buy (demand) at a particular price equals the amount that businesses want to supply (supply)
Question No. 6
What is unemployment rate?
A) It is a relatively small amount of money provided to prove a concept; it may involve product development and market research.
B) It is the number of people who are actively looking for work but are currently without a job. (Note that there is much debate as to who should officially be counted as unemployed.)
C) It is the number unemployed people expressed as a percentage of the labor force.
D) It is a walking ticket that means to be dismissed from employment; a notice of redundancy issued to an employee.
E) It is exchange information by the help of Internet; owing to the fast-paced and interactive nature of online markets, word of mouse can spread much faster than its offline counterpart.
Question No. 7
What is Gross Domestic Product or GDP?
A) It is the market value of all officially recognized final goods and services produced within a country in a given period of time, it is often considered an indicator of a country's standard of living.
B) It is a small store of cash used for minor business expenses.
C) It is the number of people who are actively looking for work but are currently without a job.
D) It is a walking ticket that means to be dismissed from employment; a notice of redundancy issued to an employee.
E) It is exchange information by the help of Internet; owing to the fast-paced and interactive nature of online markets, word of mouse can spread much faster than its offline counterpart.
Question No. 8
What is Gross National Product or GNP?
A) It is the market value of all the products and services produced in one year by labor and property supplied by the residents of a country; it doesn’t define production based on the geographical location of production, but allocates production based on ownership.
B) It is the market value of all officially recognized final goods and services produced within a country in a given period of time, it is often considered an indicator of a country's standard of living.
D) It is a walking ticket that means to be dismissed from employment; a notice of redundancy issued to an employee.
E) It is exchange information by the help of Internet; owing to the fast-paced and interactive nature of online markets, word of mouse can spread much faster than its offline counterpart.
Question No. 9
A break-even point is…
A) a marketing technique, the aim of which is to damage the market share of competitors.
B) the process of gradually paying off a liability over a period of time; to liquidate on an installment basis.
C) money that is unproductive because it is not invested.
D) short-term finance that is expected to be repaid quickly.
E) dollar value of sales that will cover, but not exceed, all of the company's costs, both fixed and variable.
Question No. 10
The type of analysis that is used to determine how much sales volume your business needs to start making a profit.
A) Functional analysis
B) Complex analysis
C) Matrix analysis
D) Break-even analysis
E) Heuristic analysis
Question No. 11
What is a concern?
A) It is an economical form of business group integration the enterprises of which have an agreement of one industry about the prices of products, services, sharing of markets, shares in total production
B) It is a form a voluntary association of economically independent companies, organizations, which can simultaneously enter into other entities
C) It is an economical form of business group integration that is jointly carried out large financial transactions
D) It is an economical form of business group integration marketing of the same industry business for eliminating unnecessary competition between them
E) It is a German type of business group integration as a result of the merging of several legally independent companies that consists of a parent company and one or more subsidiaries.
Question No. 12
What is a conglomerate?
A) It is an economical form of business group integration, the enterprises of which have an agreement of one industry about the prices of products, services, sharing of markets, shares in total production
B) It is an economical form of business group integration that is jointly carry out large financial transactions (e.g. the realization of significant investments in large industrial projects) where the risk reduces as responsibility is decomposed into a set of participants
C) It is a form a voluntary unification of economically independent companies, organizations, which can simultaneously enter into other entities
D) It is an economical form of business group integration marketing of the same industry business for eliminating unnecessary competition between them
E) It is like a concern consisting of independent enterprises but in different branches; the individual companies have limited business relationships with each other; as multi-national corporations are also those groups designated locations in several states.
Question No. 13
What is an association?
A) It is a form a voluntary unification of economically independent companies, organizations, which can simultaneously enter into other entities (groups) with the purpose of solution of scientific, technical, industrial, economic, social and other problems.
B) It is a German type of business group integration
C) It is an economical form of business group integration that is jointly carried out large financial transactions
D) It is an economical form of business group integration marketing of the same industry business for eliminating unnecessary competition between them
E) It is an economical form of business group integration the enterprises of which have an agreement of one industry about the prices of products, services, sharing of markets, shares in total production
Question No. 14
What is a consortium?
A) It is an economical form of business group integration that is jointly carry out large financial transactions (e.g. the realization of significant investments in large industrial projects) where the risk reduces as responsibility is decomposed into a set of participants.
B) It is like a concern consisting of independent enterprises but in different branches; the individual companies have limited business relationships with each other; as multi-national corporations are also those groups designated locations in several states.
C) It is a form a voluntary unification of economically independent companies, organizations, which can simultaneously enter into other entities.
D) It is an economical form of business group integration marketing of the same industry business for eliminating unnecessary competition between them.
E) It is an economical form of business group integration, the enterprises of which have an agreement of one industry about the prices of products, services, sharing of markets, shares in total production.
Question No. 15
What is a syndicate?
A) It is an economical form of business group integration that is jointly carried out large financial transactions
B) It is a German type of business group integration
C) It is an economical form of business group integration marketing of the same industry business for eliminating unnecessary competition between them.
D) It is a form a voluntary association of economically independent companies, organizations, which can simultaneously enter into other entities
E) It is an economical form of business group integration the enterprises of which have an agreement of one industry about the prices of products, services, sharing of markets, shares in total production
Question No. 16
What is a cartel?
A) It is like a concern consisting of independent enterprises but in different branches; the individual companies have limited business relationships with each other; as multi-national corporations are also those groups designated locations in several states
B) It is an economical form of business group integration, the enterprises of which have an agreement of one industry about the prices for products, services, sharing of markets, shares in total production
C) It is an economical form of business group integration that is jointly carry out large financial transactions (e.g. the realization of significant investments in large industrial projects) where the risk reduces as responsibility is decomposed into a set of participants
D) It is a form a voluntary unification of economically independent companies, organizations, which can simultaneously enter into other entities
E) It is an economical form of business group integration marketing of the same industry business for eliminating unnecessary competition between them
Question No. 17
What is a holding?
A) It is a form a voluntary unification of economically independent companies, organizations, which can simultaneously enter into other entities
B) It is like a concern consisting of independent enterprises but in different branches; the individual companies have limited business relationships with each other; as multi-national corporations are also those groups designated locations in several states
C) It is an economical form of business group integration that is jointly carry out large financial transactions (e.g. the realization of significant investments in large industrial projects) where the risk reduces as responsibility is decomposed into a set of participants
D) It is an economical form of business group integration, a company or firm that owns other companies' outstanding stock; it usually refers to a company which does not produce goods or services itself; rather, its only purpose is owning shares of other companies.
E) It is an economical form of business group integration marketing of the same industry business for eliminating unnecessary competition between them
Question No. 18
What is a financial and industrial group?
A) It is an economical form of business group integration marketing of the same industry business for eliminating unnecessary competition between them
B) It is like a concern consisting of independent enterprises but in different branches; the individual companies have limited business relationships with each other; as multi-national corporations are also those groups designated locations in several states.
C) It is an economical form of business group integration that is jointly carry out large financial transactions (e.g. the realization of significant investments in large industrial projects) where the risk reduces as responsibility is decomposed into a set of participants
D) It is a form a voluntary unification of economically independent companies, organizations, which can simultaneously enter into other entities
E) It is union of industrial, banking, insurance and commercial capital, and intellectual potential of enterprises and organizations.
Question No. 19
Find the right definition for the term:
It is an organization founded by one or more persons, where the authorized capital is divided into shares and the participants bear risk of business failure by the value of their contributions to the business.
A) Joint-stock company
B) Limited Liability Company
C) Additional Liability Company
D) State and municipal unitary enterprises
E) Cooperative
Question No. 20
What is understood by sole proprietorship?
A) is a for-profit business owned by one person, where the owner is able to operate on his/her own and to employ others having unlimited liability for the debts incurred by the business.
B) it is a society founded by one or more persons, the authorized capital is divided into shares of certain documents of sizes.
C) a form a voluntary association of economically independent companies, organizations, which can simultaneously enter into other entities (groups).
D) an economical form of business group integration marketing of the same industry business for eliminating unnecessary competition between them.
E) is an economical form of business group integration, a company or firm that owns other companies' outstanding stock
Question No. 21
Identify the features of joint-stock companies.
A) All answers are correct
B) Use an effective way to mobilize financial resources;
C) Each shareholder may lose only his spent money of shares (share of stock); participation of shareholders in the management of company;
D) The right of shareholders to receive income (dividend);
E) Additional opportunities for promoting personnel.
Question No. 22
Why is private ownership an important source of economic prosperity?
A) It eliminates the opportunity cost of using a resource.
B) It provides owners with a strong incentive to develop and use assets in ways that others value highly.
C) It allows owners to do anything they want with their property.
D) It makes it possible for owners to ignore the desires of others without having to bear the cost.
E) It is not important source of economic prosperity.
Question No. 23
What role do losses play in a competitive market?
A) They penalize a firm for producing a good that consumers value highly relative to its cost.
B) They signal that more resources are needed in this market.
C) They show firms that barriers to entry are high.
D) They send a message that more value would be created if the resources were used to produce other goods.
E) They show individuals that barriers to entry are high.
Question No. 24
Money is…
A) an object that is directly consumed
B) the large sales revenue.
C) whatever is generally used to pay for goods, services and resources
D) widely used in a barter economy.
E) something that can be used to buy things but cannot be saved.
Question No. 25
According to the neoclassical theory of distribution, total output is divided between payments to capital and payments to labor depending on their:
A) supply.
B) equilibrium growth rates.
C) relative political power.
D) marginal productivities
E) demand
Question No. 26
The marginal product of capital is:
A) output divided by capital input.
B) additional output produced when one additional unit of capital is added.
C) additional output produced when one additional unit of capital and one additional unit of labor are added.
D) value of additional output when one dollar's worth of additional capital is added
E) there is no right answer
Question No. 27
An economy's factors of production and its production function determine the economy's:
A) labor force participation rate.
B) budget surplus or deficit.
C) population growth rate.
D) output of goods and services
E) there is no right answer
Question No. 28
If an earthquake destroys some of the capital stock, the neoclassical theory of distribution predicts:
A) the real wage will rise and the real rental price of capital will fall.
B) both the real wage and the real rental price of capital will fall.
C) both the real wage and the real rental price of capital will rise.
D) the real wage will fall and the real rental price of capital will rise
E) there is no right answer
Question No. 29
With a Cobb-Douglas production function, the share of output going to labor:
A) decreases as the amount of labor increases.
B) increases as the amount of labor increases.
C) increases as the amount of capital increases.
D) is independent of the amount of labor
E) is dependent of the amount of labor
Question No. 30
In the classical model with fixed income, if the demand for goods and services is greater than the
supply, the interest rate will:
A) increase.
B) decrease.
C) remain unchanged.
D) either increase or decrease, depending on whether consumption is greater or less than investment
E) not change
VARIANT 5
Question No. 1
The word Economics consists of two Greek words: ‘oikos’ and ‘nomos’. What do they mean?
A) household and law
B) environment and science
C) household and science
D) environment and law
E) world and science
Question No. 2
Who is considered the founder of Theory of Competition and Competitiveness?
A) M.Porter
B) A.Yudanov
C) F.Kotler
D) A.Marshall
E) A.Smith
Question No. 3
According to M.Porter, competition is present when
A) regulations assure that inefficient firms remain active in the market.
B) freedom of entry and rival firms are present in a market.
C) the market is characterized by rising prices and declining product quality.
D) there is little incentive to introduce new products and discover better ways of doing things.
E) full control over the price.
Question No. 4
Give the definition to the term economic ‘growth rate’.
A) It is the exchange of goods, information products, or services via an electronic medium such as the Internet.
B) It is a product or service that is given away, often as a business promotion.
C) It is the rate of an economy's rise as measured by its technical progress, the growth of its labor, and the increase in its capital stock
D) It is an activity to build long-term product preferences, based on the impact on consumers by means of marketing.
E) It is a relatively small amount of money provided to prove a concept; it may involve product development and market research.
Question No. 5
Bankruptcy is…
A) a legal agreement between the owners of a business that sets out how the future sale or buyout of an owner's interest in the business will be handled.
B) the theory that in certain situations, institutions wish to sell their shares but postpone the share sales because large orders under current market conditions would drive down the share price and that the consequent threat of securities sales will tend to retard the rate of share price appreciation.
C) an activity to build long-term product preferences, based on the impact on consumers by means of marketing: a trademark, packaging, advertising appeals, etc., united by a certain idea of the same type and design that distinguish the product from competitors and create its image.
D) the situation when a private person or unincorporated organization is not able to meet its obligations or their actions arouse suspicions of creditors in the strength of their financial situation (for example, debtors shy away from communicating with creditors), these debtors can initiate (apply) your own bankruptcy or may be declared bankrupt
E) There is no correct answer.
Question No. 6
Who was the author of the following statement about business: A friendship founded on business is better than a business founded on friendship.
A) Alfred Marshal
B) Paul Valery
C) Winston Churchill
D) Richard Cantillon
E) John Davison Rockefeller
Question No. 7
Who was the author of the following statement about business: A businessman is a hybrid of a dancer and a calculator.
A) Winston Churchill
B) Paul Valery
C) John Davison Rockefeller
D) Alfred Marshal
E) Richard Cantillon
Question No. 8
Choose the right definition of ‘economic’ or ‘business strategy’.
A) the relationship between production, trade and the supply of money in a particular country or a region
B) the activity of making, buying, selling or supplying goods or services for money
C) the business of buying and selling things, trade
D) a type of economic system in which a government controls the country’s industries and decides what goods should be produced and in what amounts
E) a high-level plan for what a business wants to achieve and how they will do it that joins together all the different parts of the business
Question No. 9
What does concern the term ‘business opportunity’ or ‘bizopp’?
A) It involves the sale or lease of any product, service, equipment, etc. that will enable the purchaser-licensee to begin a business.
B) It is a formal statement of a set of business goals, the reasons why they are believed attainable, and the plan for reaching those goals. It may also contain background information about the organization or team attempting to reach those goals.
C) It seeks to provide students with the knowledge, skills and motivation to encourage entrepreneurial success in a variety of settings.
D) It is a local non-profit organization entirely managed by students.
E) There is no correct answer.
Question No. 10
What is understood by economic risk?
A) It is risk that internal and external factors, such as inability to provide a service or product, or a fall in demand for an organizations products or services will result in an unexpected loss.
B) It is a formal notification that an incident has occurred which might develop into a Business Continuity Management or Entrepreneurship invocation.
C) It is a the effect on the business of a build-up of work that occurs as the result of a system or process being unavailable for an unacceptable period.
D) It is the strategic and tactical capability of the organization to plan for and respond to incidents and business disruptions.
E) It is the implementation of business continuity procedures, activities and plans in response to a serious incident, emergency, event or crisis.
Question No. 11
_______ is a form of applied ethics or professional ethics that examines ethical principles and moral or ethical problems that arise in a business environment.
A) Morality of entrepreneurship.
B) Business acumen;
C) Business schools;
D) Business trip
E) Business ethics;
Question No. 12
Who is the author of ‘New Principles of Political Economy’?
A) J.M.Keynes
B) J.B.Say
C) A.Marshall
D) L.de Sismondi
E) C.Devenant
Question No. 13
What does an economic cycle mean?
A) involves establishing specific, measurable and time targeted objectives
B) long-term economic state characterized by unemployment and low prices and low levels of trade and investment
C) a collection of related, structured activities or tasks that produce a specific service or product (serve a particular goal) for a particular customer or customers
D) the set of tasks, knowledge, and techniques required to identify business needs and determine solutions to business problems
E) economy-wide fluctuations in production or economic activity over several months or years
Question No. 14
What is the synonym of an economic cycle?
A) common cycle
B) business cycle
C) management cycle
D) social cycle
E) direct cycle
Question No. 15
Expansion, boom, recession, stagnation and crisis are phases of ______ approved the theory of economic cyclicity described by Leonard de Sismondi, Robert Owen, Charles Dunoyer and Karl Marx.
A) economic cycle
B) common cycle
C) management cycle
D) social cycle
E) direct cycle
Question No. 16
What is the maturity of the Kitchin inventory cycle?
A) 3-5 years
B) 7-11 years
C) 15-25 years
D) 45-60 years
E) There is no right answer
Question No. 17
What is the maturity of the Juglar fixed investment cycle?
A) 3-5 years
B) 7-11 years
C) 15-25 years
D) 45-60 years
E) There is no right answer
Question No. 18
What is the maturity of the Kuznets infrastructural investment cycle?
A) 3-5 years
B) 7-11 years
C) 15-25 years
D) 45-60 years
E) There is no correct answer
Question No. 19
What is the maturity of the Kondratiev waves?
A) 15-25 years
B) 3-5 years
C) 7-11 years
D) 45-60 years
E) There is no right answer
Question No. 20
Now many phases does an economic or business cycle include?
A) 3
B) 7
C) 2
D) 1
E) 5
Question No. 21
Expansion, boom, recession, stagnation and crisis are phases of ______ approved the theory of economic cyclicity described by Leonard de Sismondi, Robert Owen, Charles Dunoyer and Karl Marx.
A) direct cycle
B) common cycle
C) management cycle
D) social cycle
E) economic cycle
Question No. 22
Competition is present when
A) regulations assure that inefficient firms remain active in the market.
B) freedom of entry and rival firms are present in a market.
C) the market is characterized by rising prices and declining product quality.
D) there is little incentive to introduce new products and discover better ways of doing things.
E) full control over the price.
Question No. 23
Who is the author of ‘5 forces of competition’?
A) M.Porter
B) A.Yudanov
C) F.Kotler
D) A.Marshall
E) A.Smith
Question No. 24
Market models are represented by the following types:
A) only perfect competition
B) imperfect competition and pure monopoly
C) imperfect competition and oligopoly
D) perfect competition, monopolistic competition, pure monopoly, oligopoly
E) only imperfect competition
Question No. 25
What are two main factors forming competitiveness?
A) Price and demand
B) Price and quality
C) Quality and supply
D) Supply and demand
E) Prime cost and market equilibrium
Question No. 26
Monopoly is…
A) a type of imperfect competition that forms the market model in which a company hasn’t a certain power over the price
B) a type of perfect competition that forms the market model in which there are a large number of buyers and sellers each of which occupies a relatively small market share and cannot dictate the terms of sale and purchase of goods
C) a type of imperfect competition that forms the market model in which a company has a certain power over the price
D) a type of imperfect competition that forms the market model in which a few companies have a certain power over the price
E) a type of perfect competition where a company dictates the rule of market equilibrium
Question No. 27
A pure monopoly is the exclusive right to manufacture, purchase, sell characterized by
A) a single seller, closed market access and full control over the price
B) a few seller, closed market access and full control over the price
C) many sellers, closed market access and full control over the price
D) a single seller, free market access and full control over the price
E) a single seller, closed market access and full control over the product
Question No. 28
Define the competitive strategies by M.Porter :
A) Cost leadership, differentiation, focusing
B) Violent, patient, commutant, explerent
C) Leader’s strategy, ‘following the leader’ strategy, specialist’s strategy
D) Cost leadership, differentiation, leader’s strategy
E) Specialist’s strategy, differentiation, focusing
Question No. 29
Define the competitive strategies by A.Yudanov:
A) Cost leadership, differentiation, focusing
B) Violent, patient, commutant, explerent
C) Leader’s strategy, ‘following the leader’ strategy, specialist’s strategy
D) Cost leadership, differentiation, leader’s strategy
E) Specialist’s strategy, differentiation, focusing
Question No. 30
Define the competitive strategies by F.Kotler:
A) Cost leadership, differentiation, focusing
B) Violent, patient, commutant, explerent
C) Leader’s strategy, ‘following the leader’ strategy, specialist’s strategy
D) Cost leadership, differentiation, leader’s strategy
E) Specialist’s strategy, differentiation, focusing