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S: ________ is a system of purchasing goods or services and paying for them later. -: ommission

+: redit -: Taxation -: Rent

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S: ________ is an official document showing permission has been given to use the company’s logo.

-: Invoice

-: Cheque

-: Licence

+: Permission

I:

S:

________ is the rise in the general level of prices caused by an excess of demand over supply.

-: Deflation

-: Gold standard +: Inflation

-: Cost

I:

S:

________department is responsible for hiring, training and placing employees. +: Personnel

-: Personal

-: Private

-: Public Relations

I:

S:

________ is a team of office workers who assist their superior in carrying out an assigned task.

-: Colleagues

-: Co-workers -: Stuff

+: Staff

51

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S:

________ is the activity or result of distributing or disposing persons or things properly or methodically.

-: Board

-: Committee -: Council

+: Organization

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S:

___ is a commercial document issued by a seller to the buyer, indicating the products, quantities, and agreed prices for products or services the seller has provided the buyer

+: Invoice -: Cheque -: Licence

-: Permission

I:

S:

________ is a fee charged by a government on a product, income, or activity. -: Levy

-: Duty

-: Rent +: Tax

I:

S:

________ is the rise in the general level of prices caused by an excess of demand over supply.

-: Deflation

-: Gold standard +: Inflation

-: Cost

I:

S:

________is various transactions (sales and purchases) having the objective of supplying commodities (goods and services).

52

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+: Commerce -: Promotion -: Bargain

-: Competition

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I:

S:

To ________ means to allow somebody to use something for a fixed period of time.

+: lend -: buy -: sell

-: recruit

I:

S:

A ________ is the second important person in an organization. +: deputy

-: buyer -: seller -: recruit

I:

S:________is any substance consumed to provide nutritional support for the body. +: food

-: foot -: feet -: file

I:

S:Foodproducts produced by animals include ________ produced by mammary glands, which in many cultures is drunk or processed into dairy products (cheese, butter, et cetera).

-: water -: oil +: milk -: juice

I:

S: Historically, people secured food through two methods: hunting and gathering, and________.

+: agriculture

53

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-: cooking -: burning

I:

S: Today, most of the food energy consumed by the world population is supplied by the ________ .

+: food industry -: beauty industry -: industry

-: oil industry.

I:

S: ________is the process of communicating the value of a product or service to customers.

+: Marketing -: Selling

-: Management

-: Advertising

I:

S: ________is the study of individuals, groups, or organisations and the processes they use to select, secure, and dispose of products, services, experiences, or ideas to satisfy needs and the impacts that these processes have on the consumer and society.

+: Consumer behavior -: Expenditure

-: Organisation

-: Consumer education

I:

S: In marketing,________is the process by which marketers try to create an image or identity in the minds of their target market for its product, brand, or organization.

+: positioning -: advertising -: promotion -: pricing

I:

S: ________is the process of determining what a company will receive in exchange for its products.

+: Pricing

-: advertising

54

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A B BYY

c

 

 

 

 

 

 

 

 

 

 

 

-: marketing

I:

S: ________is defined as a "thing produced by labor or effort" or the "result of an act or a process”.

+: product -: producer -: good

-: expert

I:

S: three basic objectives of ________ are: to present information to consumers as well as others; to increase demand; to differentiate a product.

+: promotion -: advertising -: selling

-: marketing

I:

S: ________ is the process of making a product or service available for use or consumption by a consumer or business user.

+: Distribution -: Advertising -: Demand

-: Marketing

I:

S: ________in all business and organizational activities is the act of getting people together to accomplish desired goals and objectives using available resources efficiently and effectively.

+: Management -: Marketing

-: Advertising -: Supply

I:

S: IT- :

+: Information Technology -: Important Technology

-: Informational Technology -: Information Technics

I:

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A BBYY

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S: ________is considered to encompass the use of computers and telecommunications equipment to store, retrieve, transmit and manipulate data. +: Information technology (IT)

-: Computer skill -: Using

-: Education

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A B BYY

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I:

S: A ________ is a structured collection of data. +: database

-: datas

-: software

-: database system

I:

S:________is a collection of computer programs and related data that provides the instructions for telling a computer what to do and how to do it.

+: software -: database -: data

-: hardware

I:

S: In economics, a ________ is the generic term for any marketable item produced to satisfy wants or needs.

+: commodity -: goods

-: service -: product

I:

S: Economic commodities comprise goods and ________ . +: services

-: products -: prices

-: technologies

I:

S: In economics, ________ is something that is intended to satisfy some wants or needs of a consumer and thus has economic utility.

+: a good -: a product -: service

56

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-: seller

 

 

 

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A B BYY

c

 

 

 

 

 

 

 

 

 

 

 

I:

S: A ________is an organization engaged in the trade of goods, services, or both to consumers.

+: business -: marketing -: production -: producer

I:

S: A ________is a business owned by one person for-profit. +: sole proprietorship

-: partnership -: cooperative -: corporation

I:

S: A ________ is a business owned by two or more people. +: partnership

-: sole proprietorship -: corporation

-: cooperative

I:

S: A ________ is a limited liability business that has a separate legal personality from its members.

+: corporation -: partnership -: cooperative

-: sole proprietorship

I:

S: A privately owned, for-profit corporation is owned by ________ who elect a board of directors.

+: shareholders -: proprietors -: directors

-: businessmen

I:

S: Shareholders elect a ________to direct the corporation and hire its managerial staff.

+: board of directors

57

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A B BYY

c

 

 

 

 

 

 

 

 

 

 

 

-: general -: president

I:

S: A ________ is a limited liability business that can organize for-profit or not-for- profit, it has members who share decision-making authority.

+: cooperative -: partnership

-: sole proprietorship -: corporation

I:

S: Foreigntrade- : +:

-:

-:

-:

I:

S:________ isto bring in (merchandise, commodities, workers, etc.) from a foreign country for use, sale, processing, reexport, or services.

+: import -: export -: delivery

-: shipment

I:

S: ________ is to ship (commodities) to other countries or places for sale, exchange, etc.

+: export -: import -: delivery -: delay

I:

S: ________is a person with extensive knowledge or ability based on research, experience, or occupation and in a particular area of study.

+: expert -: exporter -: importer -: scientist

I:

58

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A BBYY

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S: Taxes are most often levied as a percentage, called the ________. +: tax rate

-: taxation

-: tax percent -: fee

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A B BYY

c

 

 

 

 

 

 

 

 

I:

S: ________is the management of the flow of resources between the point of origin and the point of destination in order to meet some requirements.

+: Logistics

-: Transportation -: Exportation

-: IT

I:

S: ________is an authority or agency in a country responsible for collecting and safeguarding customs duties and for controlling the flow of goods in and out of a country.

+: Customs -: president -: Customers

-: Consumption

I:

S: Depending on local legislation and regulations, the import or export of some goods may be restricted or forbidden, and the ________ agency enforces these rules.

+: customs -: customers

-: immigration -: territorial

I:

S: A ________ is a tariff or tax on the importation (usually) or exportation (unusually) of goods.

+: customs duty -: taxation

-: fee

-: customs tax

I:

S: ________ is an economic principle that describes a consumer's desire and willingness to pay a price for a specific good or service.

59

AB

 

 

 

 

 

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sf

 

 

 

 

 

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w.

 

 

 

 

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A BBYY

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-: supply -: trade

-: customs

I:

S: Demand refers to how much (quantity) of a product or service is desired by________.

+: buyers -: sellers

-: managers -: producers -: goods

I:

S: The ________ demanded is the amount of a product people are willing to buy at a certain price.

+: quantity -: quality -: goods

-: product

I:

S: The term ________ signifies the ability or the willingness to buy a particular commodity at a given point of time.

+: demand -: supply -: goods -: money

I:

S: Demand________. +:

-:

-:

-:

I:

S: Supply________. +:

-:

-:

-:

60