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Economics Questions test (2)

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 All tests  TOP 100  Forum  Dictionaries Is manager also the owner of business?
economics questions test answer 1
A manager is the person who directs, supervises and operates a business or a section of a business. This person is in a management position but is not always the owner of the company.

Correct answer: (b) manager

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 vocabulary words: english adjective noun gre test service vs specialization
economics questions test answer 2
When people or departments become highly-skilled in one area of production because they only create or produce one item or one part of an item, specialization occurs.

Correct answer: (c) specialization

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economics questions test, question 2 quiz worksheets, what does specialization mean? what is the definition for specialization?

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 word games: free online adjective noun game gre test Ask a Teacher
economics questions test answer 3
An assembly line is a system where products or parts of products move from one worker to another. This is an efficient system that is used in order to manufacture products in a highly productive manner.

Correct answer: (c) An assembly line

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 meaning of inflated, whiff, compunction, prosody, inductive, poultice meaning of "division of labor"
economics questions test answer 4
When companies split up or divide workers' tasks so that each worker performs one job or task, the process is known as division of labor.

Correct answer: (a) division of labor

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economics questions test, question 4 worksheets for efl teachers, what does division of labor mean? what is the definition for division of labor?

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 pimsleur german, comprehensive course iii: cheap german pimsleur Is the word division an uncountable noun?
economics questions test answer 5
Many companies around the world use technology, or make use of scientific advancements, to manufacture new and improved products every day.

Correct answer: (c) technology

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economics questions test, question 5 efl teacher, what does technology mean? what is the definition for technology?

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 just 4 questions to gre prep What is a database?
economics questions test answer 6
Databases store huge amounts of information within computer systems that were not in existence 40 years ago.

Correct answer: (b) Databases

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 a lot of vs. many What does "welfare" mean?
economics questions test answer 7
In some nations, people and families are below the poverty level and are in need so they are given welfare in order to survive.

Correct answer: (b) welfare

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 color adjective meaning of modest
economics questions test answer 8
In a market economy, individuals and businesses own and make most of the decisions about resources. In this type of economy, the people own and control most of the production processes.

Correct answer: (b) market

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economics questions test, question 8 nouns worksheets, what does market mean? what is the definition for market?

 what is the meaning of peak? meaning of command
economics questions test answer 9
In a mixed economy, individuals and governments own and control production together. They both decide how resources will be used, what will be produced and who will buy and use the products.

Correct answer: (b) mixed

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economics questions test, question 9 english adverbs, what does mixed mean? what is the definition for mixed?

 how to use 'that'? revenue vs costs
economics questions test answer 10
Whether businesses manufacture goods or offer services, all of the money taken in by a business is called revenue.

Correct answer: (c) revenue

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