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Test: Business Organisation - 2


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30 Questions MCQ Test Business and Commercial Knowledge | Test: Business Organisation - 2

Test: Business Organisation - 2 for CA CPT 2022 is part of Business and Commercial Knowledge preparation. The Test: Business Organisation - 2 questions and answers have been prepared according to the CA CPT exam syllabus.The Test: Business Organisation - 2 MCQs are made for CA CPT 2022 Exam. Find important definitions, questions, notes, meanings, examples, exercises, MCQs and online tests for Test: Business Organisation - 2 below.
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Test: Business Organisation - 2 - Question 1

Three basic types of economic systems are ...

Test: Business Organisation - 2 - Question 2

The basic ideas that make a free enterprise system work are ...

Test: Business Organisation - 2 - Question 3

When referring to a free enterprise system, "private property" means that ...

Test: Business Organisation - 2 - Question 4

The phrase "profit is the incentive for business" means that profit ...

Test: Business Organisation - 2 - Question 5

Competition occurs if ...

Test: Business Organisation - 2 - Question 6

Which of the following is not an example of a situation that increases profit in a free enterprise system?

Test: Business Organisation - 2 - Question 7

Canada's economy is referred to as a mixed economy because ...

Test: Business Organisation - 2 - Question 8

A centrally planned economy promotes ...

Test: Business Organisation - 2 - Question 9

A centrally planned economy has ...

Test: Business Organisation - 2 - Question 10

What is the basic question(s) all economic systems try to answer?

Test: Business Organisation - 2 - Question 11

What is an economic problem every nation has?

Test: Business Organisation - 2 - Question 12

When deciding "what to produce", what is said to be limited?

Test: Business Organisation - 2 - Question 13

Who makes the decisions in a Free Enterprise economy?

Test: Business Organisation - 2 - Question 14

In a Free Enterprise economy, private property is...

Test: Business Organisation - 2 - Question 15

What is the main goal of a Mixed Economy?

Test: Business Organisation - 2 - Question 16

An economic system answers the __________, ___________, and __________ questions.

Test: Business Organisation - 2 - Question 17

In a command economy, the three economic questions are answered by which of the following?

Test: Business Organisation - 2 - Question 18

 A principal feature of a command economy is that ______________________.

Test: Business Organisation - 2 - Question 19

Which of the following is a strength of a command-based economic system?

Test: Business Organisation - 2 - Question 20

Most of the world's economies are mixed economies because _____________.

Test: Business Organisation - 2 - Question 21

The term "capitalism" refers to which of the following?

Test: Business Organisation - 2 - Question 22

The term "socialism" refers to which of the following?

Test: Business Organisation - 2 - Question 23

What is the classical view of management's social responsibility?

Test: Business Organisation - 2 - Question 24

What does the socio - economic view of social responsibility talk about?

Test: Business Organisation - 2 - Question 25

Who was the most outspoken advocate of the classical view of management's responsibility?

Test: Business Organisation - 2 - Question 26

What is the only concern of stock holders?

Test: Business Organisation - 2 - Question 27

Which of the following is a disadvantage of social responsibility?

Test: Business Organisation - 2 - Question 28

__________ is when a firm engages in social actions because of its obligation to meet certain economic and legal responsibilities.

Test: Business Organisation - 2 - Question 29

When social criteria is applied on investment decisions it is called ____

Test: Business Organisation - 2 - Question 30

The recognition of the close link between an organisation's decisions and activities and its impact on the natural environment is called __________.

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