An accountant is part of which sector ?
A. primary
B. secondary
C. Tertiary
D. Quaternary
Miscellaneous Economics Mcqs
Products of the economy used in production as opposed to gifts of nature are______________?
Products of the economy used in production as opposed to gifts of nature are______________?
A. land
B. labor
C. capital
D. entrepreneurship
The cottage or putting-out system refers to_________________?
The cottage or putting-out system refers to_________________?
A. the housing given factory workers
B. The fact that in early industrialization work was done in the home
C. a type of architecture popular in Britain
D. The way young people were put out to go work in factories
What kind of labor does the craft method require ?
What kind of labor does the craft method require ?
A. Untrained and unskilled
B. High-cost, highly skilled
C. Lean skilled and motivated
D. Untrained and unmotivated
What percent of total work hours must be used to fix errors that occur on the assembly line in mass-production plants ?
What percent of total work hours must be used to fix errors that occur on the assembly line in mass-production plants ?
A. 50%
B. 25%
C. 35%
D. 40%
Lean production________________?
Lean production________________?
A. combines the best features of craft and mass production
B. has as its goal perfection
C. pushes responsibility down the organizational ladder
D. All of the above
The average CEO’s salary in 2005 was______________?
The average CEO’s salary in 2005 was______________?
A. 50 times that of the average workers
B. 100 times that of the average workers
C. 250 times that of the average workers
D. 262 times that of the average workers
Which occupational categories received the greatest increase in compensation in the 1990s ?
Which occupational categories received the greatest increase in compensation in the 1990s ?
A. Domestic workers
B. Accountants and financial consultants
C. Senior and chief executive
D. corporate attorneys
Which of the following is NOT within the secondary economic sector ?
Which of the following is NOT within the secondary economic sector ?
A. Home construction
B. Oil drilling
C. Salmon canning
D. All of these
Corporations wield power through_____________?
Corporations wield power through_____________?
A. PACs
B. interlocking directorates
C. investment portfolios
D. All of the above