English Language Proficiency Tests-Advanced Level''''sarchiveEconomics pptx

manager wealthy person 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,.... is a system w

English Language Proficiency Tests-Advanced Level's

archive

Economics Questions test (2)

1.A 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

worker

manager

wealthy person

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, occurs

labor

service

specialization

3 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

A labor shortage

A line of people

An assembly line

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

technology

student lines

5.Many companies around the world use , or make

use of scientific advancements, to manufacture new and

improved products every day

introductions

division

technology

6 store huge amounts of information within

computer systems that were not in existence 40 years

ago

Advantages

Assembly lines

Databases

7.In some nations, people and families are below the

poverty level and are in need so they are given in

order to survive

technology

welfare

consumers

8.In a 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

modest

market

command

9.In a 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

market

mixed

command

10.Whether businesses manufacture goods or offer

services, all of the money taken in by a business is called

costs

labor

revenue