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Economics Questions test (2)

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 All tests  Quiz  FAQ  ESL 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

Meaning of 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

Meaning of 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

Meaning of 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

Meaning of 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

Meaning of 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

Meaning of 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

Meaning of 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

Meaning of market
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 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

Meaning of mixed
sentence with Google language tool
 
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 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

Meaning of revenue
sentence with Google language tool
 
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Is manager also the owner of business?, Service vs specialization, Meaning of "division of labor", Is the word division an uncountable noun?, What is a database?, What does "welfare" mean?, Meaning of modest, Meaning of command, Revenue vs costs

 

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