Economics MCQs

Page No. 50

The result of executive officers sitting on several corporate boards is________________?


aoligopolies

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b trusts

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cinterlocking directorates

✓


d restraint of trade

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The intended consequences of advertising is to__________________?


a increase consumption

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bcreate brand awareness and direct consumption

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ccreate demand

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dAll of the above

✓


View Answer All of the above

The shift toward tertiary sector jobs has_______________?


a reduced the need for unskilled or semi-skilled workers

✓


b eliminated hardcore unemployment

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cestablished a general trend toward the professionalization of everyone

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dAll of these

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CEO stands for_______________?


aclear everybody out

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b capital employment outlay

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cchief executive officer

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dCaribbean Entrepreneurs Office

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Craft unions differed from industrial unions in that they______________?


aWelcomed minorities

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b Were socialist

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cWere horizontally organized

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dAll of the above

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Japan’s lean production method is modeled on a system worked out at_______________?


aNissan Motors

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bMazda Motors

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c Toyota Motors

✓


dMitsubishi Motors

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View Answer Toyota Motors

By what method were the first cars ever manufactured produced ?


aCraft method

✓


bAssembly-line method

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cLean-production method

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d Production-line method

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View Answer Craft method

What were guilds ?


aA type of money used in the Middle Ages

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b Organizations dating back to the 10th century

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c Kinds of labor unions

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d Only b and c

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View Answer Only b and c

Globalism___________________?


ais a movement aimed at pulling African nations into a world economy?

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brefers to the fact that capitalism has become the economic system of choice around the world

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cattracts young idealistic people who want to introduce a world government

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dis a movement of religious zealots who want to introduce a common religion around the world?

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Which statements is FALSE ?


aBlacks still lag behind whites in life chances particularly in the economic sector

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bThe black underclass finds itself in the situation of being a minority within a minority

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cRelations between blacks and whites are 100 percent improved

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d The civil rights movement has raised black consciousness and helped decrease self hatred

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