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Chapter 4 Multiple choice questions
Return to The Business Environment 4e Student Resources
Chapter 4 Multiple choice questions
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The exercise of political authority at a higher level than the nation state is often referred to as:
National sovereignty
correct
incorrect
Subnational governance
correct
incorrect
Supranational governance
correct
incorrect
Globalization
correct
incorrect
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not completed
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In which year did the UK government trigger Article 50, giving formal notification of the UK's intention to leave the EU?
2017
correct
incorrect
2016
correct
incorrect
2015
correct
incorrect
2013
correct
incorrect
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not completed
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In which year did the UK join the European Union (then known as the European Economic Community or EEC)?
1957
correct
incorrect
1973
correct
incorrect
1979
correct
incorrect
1997
correct
incorrect
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Who, as Shadow Chancellor of the Exchequer in 2006, stated the case for lower taxes?
David Cameron
correct
incorrect
Gordon Brown
correct
incorrect
William Hague
correct
incorrect
George Osborne
correct
incorrect
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What is the principal failing of the market from a social-democratic point of view?
Trade unions restrict the right to manage and undermine competitiveness
correct
incorrect
The market produces slow economic growth
correct
incorrect
The unjust distribution of property, income, and life chances
correct
incorrect
Business is burdened by 'red tape' in the form of government regulations
correct
incorrect
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not completed
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According to research by the Economist Intelligence Unit (2016) what percentage of the world's population live in full democracies?
37.6
correct
incorrect
51.6
correct
incorrect
14.0
correct
incorrect
4.5
correct
incorrect
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The process of contesting and negotiating workplace rules on the basis of the different interests and values of employers and employees may be referred to as:
Right to manage
correct
incorrect
Employee protection
correct
incorrect
Labour market flexibility
correct
incorrect
Workplace politics
correct
incorrect
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The initials CBI stand for:
Confederation of British Investors
correct
incorrect
Conservative Business Initiative
correct
incorrect
Council for Business Innovation
correct
incorrect
Confederation of British Industry
correct
incorrect
*
not completed
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According to the Stern Review (2007), global warming is the greatest example in history of what?
Government failure
correct
incorrect
Energy crisis
correct
incorrect
Climate change due to natural causes
correct
incorrect
Market failure
correct
incorrect
*
not completed
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During her campaign for election as leader of the UK Conservative party in 2016 Theresa May advocated changes to the way big business is run, and specifically that boards of directors should include what?
Employee representatives
correct
incorrect
More women
correct
incorrect
More ethnic minorities
correct
incorrect
More members from working class backgrounds
correct
incorrect
*
not completed
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What term refers to the highest form of authority within a society, in a democracy sometimes said to be an attribute of Parliament or of the people?
Sovereignty
correct
incorrect
Legitimacy
correct
incorrect
Accountability
correct
incorrect
Governance
correct
incorrect
*
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What term refers to government emphasis on promoting economic development through indicative planning?
Minimal state
correct
incorrect
Centrally planned economy
correct
incorrect
Social-democratic state
correct
incorrect
Developmental state
correct
incorrect
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