Principles of Business Quiz Form 4 ____ Name: _____________________________

1. Differentiate between standard of living and quality of life. (2 marks)

_______________________________________________________________________________________
_______________________________________________________________________________________
_______________________________________________________________________________________
_______________________________________________________________________________________

2. State 2 indicators EACH of both terms above. (4 marks)

_______________________________________________________________________________________
_______________________________________________________________________________________
_______________________________________________________________________________________
_______________________________________________________________________________________

3. Outline the difference between e-commerce and e-business. (2 marks)

_______________________________________________________________________________________
_______________________________________________________________________________________
_______________________________________________________________________________________

4. What is Business Technology? (1 mark)

_______________________________________________________________________________________
_______________________________________________________________________________________

5. State 2 purposes of ICT and the types. (4 marks)

_______________________________________________________________________________________
_______________________________________________________________________________________
_______________________________________________________________________________________
_______________________________________________________________________________________

6. Briefly outline the types of economic problems: (6 marks)

- Debt burden
_______________________________________________________________________________________
_______________________________________________________________________________________
_______________________________________________________________________________________

- Economic dualism
_______________________________________________________________________________________
_______________________________________________________________________________________
_______________________________________________________________________________________

- Migration
_______________________________________________________________________________________
_______________________________________________________________________________________
_______________________________________________________________________________________

7. Outline the 3 ways of solving economic problems. (6 marks)

_______________________________________________________________________________________
_______________________________________________________________________________________
_______________________________________________________________________________________
_______________________________________________________________________________________
_______________________________________________________________________________________
_______________________________________________________________________________________
_______________________________________________________________________________________
_______________________________________________________________________________________

8. Differentiate between Foreign Direct Investment and Foreign Indirect Investment. (2 marks)
_______________________________________________________________________________________
_______________________________________________________________________________________
_______________________________________________________________________________________

9. State 2 reasons why countries trade with each other. (2 marks)

_______________________________________________________________________________________
_______________________________________________________________________________________

10. Match the following. (11 marks)

Terms Definition
Benefits of technology Settle trade disputes

CSME Total output produced within the country

An unethical consequence of ICT Reduce poverty – funding and development

World Bank Advise countries on economical matters

IMF Democracy, human rights

OAS Total output produced within the country plus

net income from abroad

CARICOM Better relationship with key partners

WTO IBRD, IDA – reduce poverty

CDB Economic integration

GDP Intellectual property infringements

GNP Free movement of goods, services, people and

capital