The reduction in value of an asset as reduction in the value of currency is known as:
(a) Appreciation
(b) Devaluation
(c) Depreciation-✔️
(d) All of the above
A downturn in the business cycle in which there is a sustained high level of unemployment is called
(a) Inactivity
(b) Depression-✔️
(c) Paralysis
(d) Decline
The process of invigorating activity in a sector of the economy by reducing the government controls that have the effect of creating barriers to entry is called
(a) Privatization
(b) Regulation
(c) Deregulation-✔️
(d) All of the above
The reduction of the fixed official rate at which one currency is exchanged for another in a fixed exchange rate regime is termed:
(a) Appreciation
(b) Depreciation
(c) Devaluation-✔️
(d) None of the above
Investment in the foreign operations of a company through acquisition of a foreign operation, or establishment of a new site is called:
(a) Direct Investment-✔️
(b) Installation
(c) Indirect Investment
(d) None of the above
Taxation on the income and resources of individuals or organization is known as:
(a) Double Taxation
(b) Indirect Taxation
(c) Direct Taxation-✔️
(d) All of the above
A deduction from face value is referred to as:
(a) Premium
(b) Discount-✔️
(c) Reward
(d) None of the above
The extension in the range of goods and services in a firm or geographic region is called:
(a) Reduction
(b) Expansion
(c) Diversification-✔️
(d) Modification.
The amount of a company’s profit that the board of directors decides to distribute to ordinary shareholders is known as:
(a) Deficit
(b) Dividend-✔️
(c) Loss
(d) Capital
The allocation of labour such that each worker specializes in one or a few functions in the production process is known as:
(a) Division of Labour-✔️
(b) Distribution of Wealth
(c) Efficient Worker
(d) None of the above
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