Which of the following refers to the increasing freedom of movement of goods, capital and people around the world?
Globalisation
Industrialisation
Protectionism
Which of the following uses barriers to free trade to protect a country's own domestic industries?
Quotas
Liberalisation
Which of the following business activity include firms that manufacture and process products from natural resources?
Primary sector
Secondary sector
Tertiary sector
Quaternary sector
Which of the following is a limited company, often a large business, with the legal right to sell shares to the general public-share prices are quoted on the National Stock Exchange?
Private limited company
Public limited company
Government company
Cooperative
Which of the following is the most common forms of business organisation?
Sole trader
Producer
Shareholder
HUF
Shareholders are the:
Debtors of the business
Creditors of the business
Owners of the business
Suppliers of the business
Industrialisation is the term used to describe the growing importance of the:
Which of the following is a group of individuals who carries business together?
Entrepreneurship
Partnership
Which of the following is the document that governs the relationship between the company and the outside?
Memorandum of Understanding
Articles of Association
Memorandum of Agreement
Memorandum of Association
In which of the following economy, economic resources are owned largely by the private sector with very little state intervention?
Mixed economy
Free market economy
Command economy
Socialist economy