VOCABULARY TEST : ECONOMICS (04)

INDUSTRIAL ECONOMICS

ADVANCED LEVEL

I am greatly indebted to [and hope I be forgiven for my pillaging and pilfering from] an excellent French website, namely, se-former.org... (now closed down)... Forsooth, I have made very few changes and contributed very little of my own, beyond adding a fourth false alternative answer...

Please do not click the answer button before you have thoroughly studied the question and deliberated on your own choice !!

 

 
    01 --  Total quality management has been promoted partly through the organisation of ............... on production lines.

a. quality circles
b.
fiscal aggregate
c.
wage negotiations
d.
personnel increase
e.
budget constraint

  

02 --  Expected growth in its major markets means that the company is likely to experience greater ............... .

a. profits
b. problems
c.
output
d.
losses
e.
benefits

  

03 --  The company narrowly avoided receivership by selling-off ............... that were peripheral to its core-activity.

a. undertakings
b.
incentives
c.
equipment
d.
transactions
e. assets


  

04 --  Problems with its ............... have led the company to default on its interest and loan repayments.

a. instability
b.
cash flow
c.
bank balance
d.
instability
e.
speculation

  

05 --  In order to control better its production techniques, the firm's investment strategy essentially concentrates on ............... .

a. cash acquisitions
b.
annual turnover
c. job security
d. purchase planning
e.
internal growth

  

06 --  To reduce its ..............., the company is shifting production to neighbouring Bulgaria.

a. social security contributions
b. fictive earnings
c. commercial mergers
d.
charges
e. tax rebates

  

07 --  To shorten ............... some firms resort to making products with "built-in obsolescence".

a. long term payments
b.
agreement specification
c.
product life-cycles
d. economic circles

e. length of inflation

  

08 --  To expand its activities, the news group announced that it was launching  a/an ............... for another television station.

a. auction
b.
sell-off
c.
balance sheet
d.
takeover bid
e. fixed income policy


  

09 --  Since the development of its new product, the company has seen its ............... expand rapidly.

a. real purchasing power
b. deflationary measures
c.
market share
d. interest rate parity
e. prices and incomes


  

10 --  Given high R&D costs and the failure of the product launch, the company is likely to suffer record ............... this year.

a. profits
b.
losses
c. surplus
d.
sales
e. expenditure

                 

11 --  The hurricane in Florida is likely to generate substantial ............... for the insurance industry.

a. premiums
b.
policy-holders
c. assets
d.
profits
e.
liabilities

                 

12 --  The company's ............... has been moved off-shore in order to reduce tax payments.

a. trainee staff
b. allocations
c.
headquarters
d.
plant and equipment
e.
operations

                 

13 --  To enhance the flexibility of its operations, the company is putting out more and more work to ............... .

a. sub-contractors
b.
producers
c.
suppliers
d.
customers
e.
bribers

                 

14 --  As part of its expansion overseas, the company is seeking to set up a/an ................ with a local producer.

a. local branch
b. interest rate
c. expensive branch
d.
joint-venture
e.
economical branch

                 

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