Assertion (A): National wealth affects the economic growth of a country.
Reason (R): The wealth of a nation lies in its natural resources and other productive assets.
Both A and R are true and R is the correct explanation of A.
Both A and R are true but R is not a correct explanation of A.
A is true but R is false
A is false but R is true
Which one is a pressure group?
SAARC
Greenpeace
WWF
ASEAN
In cost benefit analysis, when will the government probably refuse permission?
If the total social benefit is greater than the total social cost
If the total social benefit is less than the total social cost
If the total social benefit is equal to the total social cost
None of the above
Assertion (A): Businesses must change how they operate to minimise their costs and avoid legal action.
Reason (R): There is a danger that their current products, or methods of production and distribution will have a negative impact on people outside the business.
Which of the following are the type of activities that conserve the environment or do not deplete scarce resources?
Enviornmentally friendly
Social friendly
Customer friendly
Which one of the following given below is not an external constraint of business?
Technological change: New products
Technological change: New production processes
Employees problems
Enviornmental issues
In cost benefit analysis, when is the scheme is likely to be accepted?
Why might a firm not respond to pressure group activity?
Well organized and funded
The cost to the business of changing its methods is more than the possible cost of poor image and lost sales.
They have public support and the media.
Consumer boycotts cause reduced sales.
Which of the following are the costs paid by the rest of society, other than the business, as a result of a business decision?
External cost
Private cost
Social cost
Total cost
Which of the following is an example of a external cost?
Cost of land
Cost of construction
Labour costs
Pollution
